Renowned pro-XRP lawyer John E Deaton has expressed curiosity about Kevin O’Leary’s persistent interest in Binance and its CEO, Changpeng Zhao (CZ). O’Leary, also known as Mr. Wonderful, recently made comments in an interview, taking another swipe at Binance, FTX, and CZ, prompting Deaton to question the ongoing fixation.
It’s worth noting that O’Leary had received approximately $15 million in various forms to endorse FTX prior to its collapse a year ago. Despite the collapse, O’Leary has continued to criticize Binance, a company with a historical connection to FTX, and some believe played a role in FTX’s downfall.
O’Leary has consistently defended Sam Bankman-Fried (SBF), the founder of FTX, even after SBF was recently found guilty on multiple charges, including defrauding investors. O’Leary’s continuous portrayal of Binance as the “bad, unregulated apple” in the crypto industry has raised questions about the reasons behind his ongoing focus.
In a recent interview, O’Leary spoke favorably about a forthcoming exchange named M2, emphasizing its regulatory compliance under specific jurisdictions and its backing by “billions tied to huge financial institutions.” Simultaneously, he predicted that Binance would “lose half of its accounts to the new M2.”
Addressing the potential approval of a spot Bitcoin ETF in the United States, O’Leary suggested that such an development could bring legitimacy to the asset but might pose challenges for what he referred to as “crypto cowboys” like Binance:
“The age of the crypto cowboy – the FTX and the Binance – those days are over.”
Given FTX’s collapse, many individuals and entities distanced themselves from the failed exchange and its founder. However, O’Leary’s unwavering support and continual criticism of Binance, even after a year, have led to questions regarding the origin and motivations of this ongoing fixation. John E Deaton, a prominent pro-XRP and crypto lawyer, has raised inquiries about the basis of O’Leary’s apparent obsession with Binance, adding to the intrigue surrounding this matter.
