Binance is doing a rebrand. At the same time, Gov and banks are using the courts to manipulate Binance for their own purposes

I was browsing the Binance page with morning and realised that their website had changed a lot since yesterday. Coming out of the major lawsuit with the CFTC and still ongoing SEC lawsuit, Binance is under a lot of public pressure from a number of misdeeds. To placate customers Binance are re-branding. Here is their homepage:

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https://preview.redd.it/v8r7ugyi0n9c1.png?1057&format=png&auto=webp&s=741bcfd5fbc8abcf8d228277a8f9b7ed1f867b9a

There's clearly an attempt to save face and recover lost trust here. But there's something possibly insidious going on here.

Coming out of their CFTC lawsuit settlement, even though they must exit the US they must still comply with US regulations. At least for a period of 3 years anyway. They will also be under extra scrutiny with an "independent" compliance monitors and committee. More than likely, the government, as well as the cooporations that shadow-runs it will use this as a way to monitor the information crypto users on the platform as well as influence crypto markets. And we see the beginnings of it here.

Binance's Fee page used to look like this.

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https://preview.redd.it/ag32dqhj2n9c1.png?1375&format=png&auto=webp&s=78fd785323111f1791b8ba6aa4ade78181aac561

Now it looks like this:

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https://preview.redd.it/a0wekkyr2n9c1.png?1334&format=png&auto=webp&s=921b9a40247304744f6620f5a8587c37ded35e2e

Sure, we knew BUSD was a dead coin, but USDC? For those out of the know, Circle's USDC is backed and managed by some of the biggest TradFi/banksters in the world. They literally have board and top level execs from the likes of BlackRock, Goldman Sachs and Delta Airlines. They specifically had a fund set up with BlackRock and also entered into an agreement for a $400M funding round with investments from BlackRock as well as Inc., Fidelity Management and Research, Marshall Wace LLP and Fin Capital.

There's also the fact that there were concerns that USDC could end up becoming a backdoor CBDC. The switch to USDC is...baffling, even under Binance's crisis of confidence situation. Government/Cooporation's pressure is one of the only valid explanations.

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