Richard Teng, who took over Changpeng Zhao (CZ) as CEO of Binance, has obtained an X account to address the Crypto community on new milestones that Binance is supposed to be celebrating soon.
Teng revealed the major forces behind Binance.
According to Teng, Binance’s important advantages since 2017
Richard Teng said he believes that Binance is absolutely revealing what will keep Binance strong during its eighth anniversary. It is 280 million users at this crypto trading venue worldwide.
According to the CEO, Binance’s guiding philosophy has always put clients in first place. He thanked the community for supporting Binance all these years. “Thank you for your continued support.”
As we approach the 8th anniversary, it is clear that #Binance is being held strong. 280M users worldwide!
Whether you’re new or refined existing ones, putting you first has always been our guiding philosophy.
Thank you for your continued support. 🙏
– Richard Ten (@_richardteng) July 10, 2025
Binance was co-founded by CZ in 2017. He and other founders launched an ICO on Ethereum, selling BNB tokens and later created the Binance Smart Chain (BSC).
CZ creates important AI statements
Commenting on a wide range of subjects, not just news and issues related to Crypto, former Binance CEO CZ has published a tweet about artificial intelligence and potential future uses for the benefit of everyone.
Changpeng Zhao proposed that AI should be used to simplify the current legal system. He said in most countries the laws are “huge, patches supplied, added, and often intentionally complicated over time (by lawyers).” Moreover, he said there are laws that are opposed to each other, and “it is impossible for ordinary people to understand.” It also takes years to implement these laws in court.
CZ wrote the disclaimer saying he hadn’t criticized the lawyer. But “you can use your time to do more business transactions, more innovations, more advances, and more productive things.”
You need to use AI to simplify the law.
Laws in most countries are huge, patches are supplied and added, often deliberately complicated over time (by lawyers). They are also often self-conflict (optimal for long discussions) and are impossible to understand by ordinary people. Implement them…
– CZ🔶BNB (@CZ_BINANCE) July 10, 2025
He added that AI is very useful for text processing, but the law should be easier and easier to understand by “normal people.”
The commentator responded in Chinese, accusing CZ of incompetence in the realm of law and suggesting that he would not talk about topics that would not expand his expertise to avoid being criticized. CZ replied in Chinese that he had thick skin to criticism.