At a recent event discussing the impact of blockchain and cryptocurrencies, CZ made a passionate plea to Elon Musk to crack down on the use of bots in the market. He emphasized the importance of removing these automated programs that manipulate prices and harm regular investors. CZ stressed that action needs to be taken to protect the integrity of the crypto market and ensure a level playing field for everyone involved.
Addressing the growing concern over the influence of bots on cryptocurrency prices, CZ highlighted the need for transparency and fairness in trading. He called on industry leaders, including Musk, to come together and establish regulations that would prevent market manipulation and promote a more ethical trading environment.
In addition to urging Musk to take action against bots, CZ also emphasized the role that regulators and policymakers should play in addressing this issue. By working together with industry experts and government officials, he believes that a solution can be found to combat the negative impact of automated trading programs. CZ’s comments underscore the need for collaboration and vigilance in protecting the integrity of the cryptocurrency market.
