CZ says “I am not against memecoins” after TST launch on Binance

Binance laminitis and erstwhile CEO Changpeng Zhao (CZ) addressed his fans connected X aft $TST was launched connected the speech connected Sunday and claimed that helium is fundamentally not against memecoins arsenic they cater to a conception of crypto audience. CZ besides clarified that neither helium nor his speech has officially endorsed TST memecoin and insisted that helium has ne'er invested successful immoderate memecoin yet.

According to a connection issued by Binance on Sunday, 2 coins Test (TST) and 1000CHEEMS person been launched connected their exchange. The quality came arsenic a astonishment for galore who thought CZ was fundamentally against memecoins that mostly service nary intent successful the crypto industry.

Addressing his fans connected X, CZ wrote, “is CZ against meme coins? No. Not “into” thing doesn’t mean I americium against it. I americium not into sports cars; I don’t cod art; I haven’t bought immoderate NFTs; I besides haven’t bought astir altcoins (I clasp BTC and BNB). But I americium not against immoderate of the above. And I deliberation astir of you’d agree, that I person worked hard and “gone to immoderate lengths” to assistance galore altcoins and the crypto manufacture successful general. I follow the aforesaid presumption towards meme coins.”

CZ besides clarified that helium was not asked by the absorption earlier listing TEST token connected Binance and helium besides believes that a ample conception of crypto investors person precocious shifted to memecoins aft hostile regulatory agencies started attacking altcoins.

“During the past 4 years, a almighty regulatory bureau sued astir anyone with immoderate inferior token, falsely claiming they are securities. So, radical started to motorboat memes,” said CZ.

Also Read: This Investor Just Turned $500K into $2.5M with TST Tokens