Former regulator faces pushback for ‘delusional’ characterization of Binance founder

John Reed Stark, former head of the Office of Internet Enforcement at the U.S. Securities and Exchange Commission (SEC), drew a comparison between Changpeng Zhao’s (CZ) compliance violations during his tenure as CEO of crypto exchange Binance and “mass murder.” This characterization was disputed by Allan Endresz, founder of digital peer-to-peer currency Zucoins, who highlighted that numerous traditional banking executives have committed similar violations yet faced less severe consequences.