On July 17, former Binance CEO Zhao Changpeng ( CZ ) refuted the remarks of U.S. Senator Elizabeth Warren on social media. Warren had previously warned that Crypto Assets could "destroy" the U.S. economy and claimed that companies listed on the New York Stock Exchange ( NYSE ) could evade SEC regulations through digitization, stating that if Amazon, Meta, or General Motors chose to withdraw, it would severely harm the value of the NYSE. CZ questioned Warren's logic of trying to restrict U.S. companies to "protect the U.S. economy," pointing out that the NYSE is merely a company fully owned by ICE with a market capitalization of about $100 billion, while Amazon's market capitalization has reached $2.4 trillion. He emphasized: "The NYSE does not equal the economy. All companies together constitute the economy."