Binance CEO Changpeng “CZ” Zhao believes that decentralized finance (DeFi) has the potential to surpass centralized finance (CeFi) in the next bull run. During a live X Spaces (formerly Twitter Spaces) titled CZ AMA, CZ stated that the volume of DeFi is currently between 5-10% of CeFi, and that the next bull run may make DeFi bigger than CeFi. Recently, a US federal court dismissed a class action lawsuit against Uniswap, and its CEO, foundation and venture capital backers. The plaintiffs had claimed they lost money due to scam tokens on the decentralized cryptocurrency exchange, but the judge rejected the case because neither side could identify the scammers. CZ praised the ruling, stating that code is free speech and that development is really good. CZ also discussed how cryptocurrency should be used by every country, with some needing it more urgently than others. He believes that developed countries may have less of a need for it, but that they should adopt it in order to maintain the lead in terms of financial innovation.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	8
People	Changpeng Zhao, Judge, SEC, CZ, Uniswap CEO
Companies	United States Securities and Exchange Commission (SEC), Binance, Uniswap, Coinbase, Balancer Protocol
Currencies	None
Securities	None