Binance co-founder Changpeng “CZ” Zhao has stirred fresh excitement in the crypto community after voicing support for XRP, Solana (SOL), Zcash (ZEC), and a host of other digital assets. His comments come as Solana faces an unexpected setback in its push into China, putting Beijing’s complicated relationship with the cryptocurrency industry back in the spotlight.
“I am always supportive of any blockchain making any progress in any country,” CZ opined.
The former Binance CEO singled out Bitcoin (BTC), Ethereum (ETH), BNB, Ripple’s XRP, Solana (SOL), Hyperliquid (HYPE), Zcash (ZEC), SIGN, and stablecoins, signaling his optimism about a broad range of digital assets despite the uncertainty surrounding China’s crypto landscape.
CZ Weighs In on Solana’s Shanghai Disaster
For weeks, Solana has been pushing hard into China — a market that has banned crypto trading and mining multiple times in the past.
The Solana Foundation opened a new office in Shanghai and rolled out promotional billboards across the city, a move that initially caught CZ’s attention. The Binance co-founder welcomed the development, suggesting that Solana’s growing visibility in China’s commercial hub could pave the way for other blockchain projects to establish a foothold in the market.
However, the optimism swiftly gave way to controversy. Solana’s highly anticipated Shanghai community event, scheduled for October 16, was abruptly postponed after law enforcement reportedly arrived at the venue. Meanwhile, authorities allegedly took down its outdoor advertisement within 10 minutes, fueling speculation about the obstacles facing crypto-related initiatives in China, where regulatory signals can speak louder than official announcements.
President of the Solana Foundation, Lily Liu, admitted registrations were roughly four times the expected number, creating a logistical nightmare.
However, the crypto community was quick to speculate that CZ’s earlier comments about Solana’s expansion into China may have drawn the authorities’ attention.
The Binance co-founder pushed back against that theory, arguing that his X post could not have triggered the removal of Solana’s Shanghai advertisement. According to CZ, the billboard was taken down within minutes, and he learned of it only 12 to 24 hours after it was first displayed.