Binance founder Changpeng Zhao sat down for a wide-ranging interview that touched on US relations, the next phase of Binance, and where he thinks crypto is actually going.
CZ's latest sit-down was billed as a casual chat and ended up as the most substantive interview he has given in two years. The Binance founder walked through his read of US-crypto relations, the company's post-settlement strategy, and how he is spending his time these days.
On the regulatory front, CZ said the worst is behind the industry — but warned that "behind" does not mean "over." He argued that the next decade of crypto will be defined less by exchanges and more by infrastructure that traditional firms plug into without ever calling it crypto.
On Binance specifically, he insisted he is no longer involved in day-to-day operations and praised the team running the company. He spent more time on his education and accelerator projects than on trading volumes.
And on the year ahead, he doubled down on a familiar thesis: the cycle that ended in last winter's ETF rush was just the warm-up, and the real bull case is how many people quietly start using crypto without realizing it.