Changpeng Zhao (CZ)
Founder, Giggle Academy. On 2 shows, 2 appearances. The Shows tab opens the full record on each.
founderexecutiveinvestor@cz_binance ↗giggleacademy.com ↗Wikipedia ↗
Changpeng Zhao is the founder of Giggle Academy and the co-founder and former CEO of Binance. He launched Binance into the world's largest cryptocurrency exchange before stepping down following a U.S. regulatory settlement.
2shows
2appearances
49statements
12resolved
11supported
0contradicted
92%fully supported
Everything Changpeng Zhao (CZ) said on any show that made the record, most notable first. Each card names its show and opens the statement there.
CZ: Illicit Activity Percentage in Crypto Is Far Lower Than in Traditional Finance
“The truth is actually if you look at percentage wise, illicit activities in crypto is actually much, much less than your traditional finance.”
CZ: Crypto is currently too transparent and easy to track
“So I think right now the crypto industry is, to be honest, is too transparent.
It's actually extremely easy to track crypto funds.
like the blockchain is a public ledger.
And then if you couple that with a couple, a few centralized exchanges, KYC information,…”
CZ: Binance valuation is in the neighborhood of $200 billion
“Probably less than that, but it's in the neighborhood.”
CZ: The Biden administration was hostile and declared war on crypto
“Overall though, I would just say the Biden administration overall is quite hostile to crypto. I mean, they openly announced war on crypto.”
CZ: Binance wants rival exchanges to succeed to split regulatory scrutiny
“I actually want multiple exchanges to be successful in the industry because then we won't be the ones that get targeted all the time.”
CZ: Binance fully exited FTX in July 2021, 18 months before collapse
“The deal was finalized and the transfer was done in July, 20, 21. And this is like a full year and a half before they had issues.”
CZ: No one in U.S. history was jailed solely for BSA registration failure
“For those single charges without any other additional stuff, no one ever went to jail in US history, even till today.”
US government requested 36-month prison sentence for CZ
“And then a week before that is when both sides submit their requests, the government requests for 36 months, which is twice the maximum sentencing guideline for the worst case scenario for me.”
CZ says non-U.S. citizens are ineligible for minimum-security federal prisons
“I should be eligible for a minimum security prison, which is one level lower, where most of the white collar crimes go. But because I'm not a U.S. Citizen, they put me into a low, which is where all the drug laws are.”
CZ: U.S. needs Binance access to become global crypto capital
“If U.S. Wants to become the capital of crypto in the world, you cannot have not, you cannot not have the largest player. You cannot not, you cannot have U.S. People not be able to access the largest liquidity pool. In crypto.”
CZ: A single free app can deliver all necessary educational content using AI
“I believe that we have enough technology with, you know, gaming, understanding of human psychology with AI. A single app can deliver all the education content you need. And we can do that for free.”
CZ: Autonomous AI agents will not use traditional banks for transactions
“And then the agents can transact a million times more than us. And they're not going to use banks. Banks just won't be able to support.”
CZ: AI agents will use crypto for payments due to KYC barriers
“I think AI is gonna use crypto for payments, for transactions. They're not gonna use, no, they cannot KYC through a bank. They cannot do they cannot do a selfie. They don't have a passport, et cetera.”
CZ: The largest crypto exchanges, blockchains, and stablecoins are not US-based
“There's the biggest crypto exchanges are not in America. Today the biggest blockchains, the biggest stable coin, they're not America based.”
CZ: Americans likely pay the world's highest fees to buy crypto
“I think right now crypto, if you buy crypto, Americans are probably paying the highest fees in the world. Whereas if you buy anything else, America's usually paying the lowest price.”
CZ: Xi Jinping is easier to predict than Donald Trump
“I think the President Xi in China is easier to predict than President Trump.”
CZ sold his Shanghai apartment for $900K to buy Bitcoin around $600
“I sold the apartment, and for roughly 900,000 dollars, like just under a million bucks and then started buying, and I got paid in trenches, because, you know, you get a first down payment, you gotta go paid in trenches, and every trench I get, I just buy. Well…”
CZ: Binance relies heavily on remote work and paying employees in Bitcoin
“When I joined the Ben Reeves said, look, we have no company. We have no office. Everyone works remotely. We just pay everybody in Bitcoin. And so that's something I learned from that company. And I still look, that's still very heavily used in Binance today.”
CZ: The 180-degree U.S. political shift on crypto is good for the world
“A 180 degrees. I think that's, this is good for America. Yeah. This is good for the world.”
CZ: Binance DOJ plea negotiations involved 12 to 20 lawyers daily for over a year
“It took, like, the negotiations, like, was basically daily calls with, like, 12, 20 lawyers on call for, like, more than a year.”
CZ: Two weeks of prosecutor silence is optimal for pressuring defendants
“I think they're smart enough that they know two weeks is about the optimum time, because longer than that, you really get used to it, and when they come back to negotiate, you're gonna say no, right?”
CZ: Binance is severely limited in the U.S. without a pardon
“Without a pardon, Binance, Binance is severely limited to do stuff in the US.”
CZ will resist issuing a crypto token for his education startup
“But I re I will for a very long time resist issue a token on Google Academy.”
One line per show, most statements first. The link opens Changpeng's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 ALL-INLEDGER | Founder, Giggle Academy | 1 | 39 | 90% 9/10 | full record on All-In → |
 TBPNLEDGER | Founder, Giggle Academy | 1 | 10 | 100% 2/2 | full record on TBPN → |