Binance CEO Changpeng Zhao has accused a venture firm of financially backing efforts to undermine the exchange’s influence in the US cryptocurrency market. He claims this firm, which has invested in a US-based crypto exchange, is spending millions on lobbying activities aimed at hindering Binance’s expansion within the country. This assertion follows recent tensions with traditional media outlets and competitors, potentially impacting Binance’s ambitions to solidify its presence within the US crypto industry. Despite these allegations, Binance Coin remains relatively stable, with no immediate price drops or significant trading volume fluctuations. Zhao’s claims are backed by his public statements on user platforms and have received support from prominent figures in the industry, including Justin Sun. Regulatory bodies such as the SEC have yet to release any official response, suggesting the maneuvering is happening within the private sector rather than a government intervention. Notably, market sentiment remains relatively unaffected by these accusations, with past instances of exchange-led controversies demonstrating resilience against public scrutiny and media attacks.