Binance CEO Changpeng "CZ" Zhao spoke about various topics related to the crypto market on a recent podcast. He believes that while customers remain cautious, the crypto market seems to be recovering from the bear market of 2022.

CZ also praised the Middle East and Europe for implementing crypto regulations. Regarding the prospect of Binance buying a bank, CZ stated that it is not a practical solution. The SEC has charged Binance with securities violations, including misleading customers about how their funds were deployed and encouraging American users to trade on a non-U.S. platform. Binance has stated that it intends to vigorously defend its platform against the charges.