Binance founder and CEO Changpeng Zhao (CZ) retweeted a report published by Globe Banner titled “Galaxy CEO: ‘We need to cheer for Binance’” on Twitter, and said: “Decentralization does not mean we have to divide. Unity makes us stronger.”
In this report published on February 1, Michael Novogratz, CEO of crypto investment company Galaxy, said in a video on YouTube that given the impact the crypto industry has suffered in the past few months, the participation of retail organizations in the crypto field is a key step in helping institutions participate more in the crypto industry. He criticized those who hope that the major enforcement action previously announced by the US Department of Justice will target Binance, saying that Binance's liquidity is supporting the entire crypto field and CZ has always put the protection of Binance users first.