Why the US Needs Crypto to Fail — and Binance to Make It Happen

Ray Youssef, CEO of NoOnes, posits that the US government, despite recent pro-crypto legislation under a hypothetical Trump presidency and the pardon of Binance founder CZ, is planning a "controlled demolition of the entire crypto industry," with Binance as the key instrument. Youssef argues that Binance is now effectively run by a US compliance monitor following CZ's guilty plea and massive fines, suggesting CZ has aligned with the US establishment. He claims this is a long-term strategy to cause a catastrophic market collapse, far worse than FTX's, to create the necessary chaos and instability for the US to introduce its own global currency, thereby regaining control over the monetary system. Youssef warns that this planned collapse will fracture the industry, leaving only a few controlled entities, and urges users to adopt self-custody and abandon centralized exchanges to resist this move toward dominant state control.

(Source：BeInCrypto)