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

Under President Donald Trump’s management, the United States has taken daring steps to advance crypto adoption in 2025, from passing the GENIUS Act to ramping up efforts to regulate the digital asset business. The efforts align with Trump’s promise to make the nation the “crypto capital of the world.” 

But is that this real progress, or is one thing else unfolding behind the scenes? Ray Youssef, CEO of the P2P buying and selling platform NoOnes, believes it’s the latter. In a current BeInCrypto podcast episode, he claimed the US is making ready a “managed demolition of the total crypto business” and Binance may play a key position in it.

Binance was founded by Changpeng Zhao (CZ) in 2017 in China. The firm later relocated its operations due to the nation’s tightening regulations on digital assets.

In simply 6 months, Binance turned the largest cryptocurrency change in the world by buying and selling quantity, a place it continues to maintain. CoinGecko knowledge confirmed that the change presents entry to greater than 400 cryptocurrencies and 1,600 buying and selling pairs.

Nonetheless, Binance’s progress has been accompanied by regulatory challenges. Authorities in the US accused the founding father of violating the Bank Secrecy Act by failing to implement an efficient anti-money-laundering (AML) program and breaching financial sanctions.

In 2023, Changpeng Zhao pleaded guilty, agreeing to pay a $50 million high quality. At the similar time,  Binance agreed to pay $4.3 billion, considered one of the largest company penalties ever imposed. In addition, CZ also served a 4-month prison sentence in 2024.

Zhao was launched in mid-2024 and remained exterior the United States, barred from holding any govt place at Binance. A US compliance monitor was put in inside the change, a transfer that symbolized a switch of management for Youssef. 

“He served time in America. He served time with Uncle Sam, gave Uncle Sam $4 billion. The very first thing that Uncle Sam stated was, ‘Hey, you bought to not simply serve time, give us $4 billion, however you have got to put a US compliance monitor in the firm. People that know compliance know what which means. That means this man truly runs Binance. That’s why you’re having the KYC each two weeks on Binance. They run the firm. It’s not the Chinese of us. It’s Uncle Sam that runs Binance,” Youssef advised BeInCrypto.

Furthermore, last week, President Trump pardoned CZ, erasing his felony document and restoring his rights to function in the nation. The White House framed the resolution as ending “Biden’s warfare on crypto.” Still, it raises questions on a deeper connection between Binance and the US establishment.

“CZ has aligned himself with Uncle Sam. And the Trump household and they’re in on this collectively. The Chinese are usually not this silly, not this felony, and they’re not gangsters. But Uncle Sam is, and that’s who CZ is working with,” he added.

The “Controlled Demolition” Theory

For Youssef, Binance’s hyperlink with the United States will not be an indication of progress however a warning. He claims the change has turn out to be a managed asset that may finally be used to set off a market collapse.

Interestingly, the entrepreneur identified that the playbook isn’t new. In his phrases, FTX was supposed to serve that position first, a state-sponsored collapse. 

“Binance is turning into is the subsequent FTX or what FTX ought to have been,” he said.

The govt emphasised that FTX’s implosion occurred forward of schedule, forcing the state to look elsewhere. In his view, Binance’s downfall will likely be the subsequent contingency, rigorously timed to trigger most influence, a crash extreme sufficient to destroy belief throughout the total sector.

“When CZ burst the bubble on FTX, the injury was actually mainly 1% of what the state deliberate it to be. Now they’re going to use Binance as that they’re going to make that corpse explode proper in our face,” Youssef talked about to BeInCrypto.

He additionally forecasted that the collapse of Binance can be a thousand instances worse than FTX. According to him, 

“Binance goes to be a state management demolition of the total business. Let me say that once more. A managed demolition of the total business proper earlier than our very eyes.”

Why the US Would Want The Crypto Market to Fall

Why would the US need to destroy the very industry it helped nurture? The reply could lie in the management of the financial system.

Every authorities’s energy depends upon its means to management foreign money circulation. Cryptocurrencies, borderless, programmable, and exterior conventional banking, threaten that management. 

“They need to weaken all the state currencies. They need to usher in their very own new world foreign money. For that to occur, there has to be desperation, poverty, and , loads of instability and chaos. And what higher method to do this than by bringing down the total crypto market with a managed demolition of the greatest change,” he famous.

Youssef confused that the US will not be merely making an attempt to regulate this new system; it’s making an attempt to personal it. By embedding itself inside Binance, the world’s largest change, Washington can steer world liquidity, monitor person flows, and affect worth discovery.

What was as soon as designed as an impartial, user-powered market turns into a state-guided infrastructure.

“So, they really need this bloated powder keg to blow. So, then it could possibly usher in huge confusion, and guess what? They’re going to have their new financial system and new monetary system, the two separate programs prepared to go when that occurs,” he forecasted.

Can The Crypto Market Survive Another Collapse?

Nonetheless, even when Binance had been to fall, it received’t be the first time the sector has confronted a setback. The crypto market has endured the collapse of Mt. Gox, ICO busts, and countless rug pulls. Each time, it emerged stronger, extra decentralized, and extra conscious of its core mission.

Still, Youssef warned that this time could possibly be completely different. He described the present state of affairs as a long-term sport of management, not a short-term regulatory crackdown. The NoOnes CEO in contrast it to the sweeping monetary adjustments that adopted 9/11, when governments used crises to justify tighter monitoring.

“Before 9/11, you possibly can stroll into any Charles Schwab workplace in New York, put money on the desk, purchase any inventory with out even displaying ID. After 911, that modified,” he stated.

According to Youssef, the similar logic applies to crypto. Each main scandal, from Mt. Gox to FTX,  has led to new legal guidelines akin to the Travel Rule, the GENIUS Act, and Operation Chokepoint initiatives. The subsequent massive collapse of Binance, he warns, may give regulators the excuse to lock down the total business.

He foresees a cut up world: centralized exchanges “going with the man,” and solely a handful of decentralized platforms left to function freely till they, too, are pressured to comply. Youssef identified that even DEXs are usually not totally impartial, since they nonetheless comply with sanction lists and blacklists. 

“It’s going to utterly fracture the total business, the place only some locations like Silk Road will exist, and the overwhelming majority of humanity will likely be beneath their management. That’s what they’re planning.   They make energy strikes, and we’re simply wanting, , a few weeks forward. They’re wanting no less than 20 years forward. They completely can get to a spot the place they’ll exert a dominant management impact, and they’re about to get there. It’s superb to me that individuals don’t see it,” he commented.

Beyond Binance: The Real War

Ultimately, the warfare Youssef describes isn’t nearly one firm or nation. It’s a philosophical battle between centralized authority and decentralized freedom. He warns that if the business retains relying on centralized gamers, it should finally lose the very independence it was constructed to defend.

“You’re going to assist lead the destruction of humanity should you proceed to be a Binance person. We want to step again away from centralized management, which has obtained us on this similar mess in the first place,” Youssef disclosed to BeInCrypto.

He urges customers to:

  • Withdraw funds from centralized exchanges.
  • Adopt self-custody and decentralized platforms.
  • Abandon leverage buying and selling.

For him, the answer isn’t ready for regulators or justice however collective duty.

“We are the folks. We select the place to put our cash, the place to use our cash, the place to spend our cash,” he famous.

Whether or not Youssef’s idea proves true, his warning captures the stress at crypto’s coronary heart: an innovation born to escape management now dangers turning into its instrument. Perhaps the actual query isn’t why the US needs to destroy crypto, however whether or not crypto will let itself be destroyed.

The put up Why the US Needs Crypto to Fail — and Binance to Make It Happen appeared first on BeInCrypto.

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