Alerts Sign-up
Changpeng "CZ" Zhao, founder of Binance, said that the New York Stock Exchange (NYSE) should not be equated with the entire U.S. economy. This comment was made in response to remarks from Senator Elizabeth Warren regarding cryptocurrency regulation and was shared on X.
"She wants to limit US companies (Amazon, Meta, GE) to protect the "US economy" / NYSE," said Zhao. "Not against NYSE, but it's just one company, fully owned by ICE, market cap: ~$100 billion. Amazon market cap: $2.40 trillion. NYSE ≠ economy."
In July 2025, Senator Warren warned that new cryptocurrency deregulation bills like GENIUS and CLARITY could allow firms to bypass oversight by the Securities and Exchange Commission (SEC) and potentially destabilize Wall Street. As reported by Bloomberg and cited by AInvest, she said tokenized stocks without proper controls could "blow up the value of the NYSE," thereby harming the U.S. economy. Her comments have intensified ongoing debates about balancing innovation with systemic risk.
