Sometimes the jokes write themselves, but this is not really a laughing matter. With delisting Tornado Cash and XMR, Binance did significant damage to these coins who were in fact 100% legit, not a scam and 100% working. And perhaps that is the new standard governments want to set for crypto, be like 90% working, allow us a 10% window to do as we please and put up the facade of "freedom and privacy" just like our media and politicians are doing.
Yeah, nah, a crypto like that can go ****** the ***** and ***** a ********.
But to quickly recap what's about to happen: Binance could lose permission to serve European Union (EU) clients from July as its application for a licence under the EU’s Markets in Crypto-Assets (MiCA) framework is on the verge of rejection.
Now, were Binance's failures only regarding cryptos I might actually say that Binance was still somewhat better than the rest of the CEX crypto klan, but truth is they're not. Binance is just like Coinbase or most mediocre boring pointless CEXes out there also abiding to centralized Western politics.
Yes our disappointments with Binance have come a long way, but lest we forget, this is where it all started and where Binance began to lose itself. And I think that by now we can 100% answer that question: No. The future was not bright for Binance nor for crypto privacy and independence as a whole.
It's over, they won and defeated Binance, we must adapt to this by now old reality and create alternatives.