Zhao Changpeng: I don’t believe Circle will complain about Coin An. Professional peers will not do so

On February 15, Zhao Changpeng made a speech on the official Twitter Space of Coin An and criticized Bloomberg’s report that Circle complained about Coin An to the New York State Department of Financial Services (NYDFS). “I really don’t believe that Circle would do that. I don’t think professional industry peers would want to do that to another industry peer.” Zhao Changpeng said, “As we can see now, it will only harm the whole industry… I will not take that article seriously now.”

Interpretation of this information:

On February 15, Zhao Changpeng voiced his opinion on the recent Bloomberg report regarding Circle’s complaint about Coin An to the NYDFS. In his speech on the official Twitter Space of Coin An, Zhao criticized Bloomberg’s report and expressed his disbelief that Circle would do such a thing. He stated that he did not think professional industry peers would want to harm another industry peer, and that such actions would only harm the industry as a whole. Thus, he stated that he would not take the article seriously.

One possible interpretation of Zhao’s speech is that he values the importance of professionalism and respect within the cryptocurrency industry. He believes that industry peers should not engage in actions that would harm their counterparts, as this could have negative effects on the industry overall. By voicing his support for Circle, he is also promoting cooperation and collaboration within the industry, encouraging companies to work together to address challenges and improve the sector as a whole.

Another interpretation is that Zhao may be trying to distance himself and his company from the negative publicity surrounding the Bloomberg report. By criticizing the report and expressing his support for Circle, he is positioning himself as a defender of industry ethics and integrity, while also downplaying any potential issues or concerns that may have arisen from the reported complaint. This could be seen as a strategic move on his part to protect Coin An’s reputation and avoid any negative fallout from the controversy.

Overall, Zhao’s speech highlights the importance of professionalism and cooperation within the cryptocurrency industry. By promoting these values, he is helping to build a stronger and more resilient sector that can better withstand challenges and setbacks. At the same time, his comments also illustrate the complex and sometimes challenging dynamics that can arise between industry peers, and the need to navigate these relationships carefully in order to achieve success.