A high-stakes governance dispute has broken out inside a crypto-linked treasury play, pulling classic Wall Street tactics into a digital-asset story. On 5 January 2026, Changpeng Zhao’s family office, YZi Labs, said it is reviewing recent decisions by CEA Industries after the Nasdaq-listed firm, now trading as BNC, put in place a stockholder rights plan and tightened its written-consent rules. Both moves came as YZi pressed for changes to the board. The fight is not about ideology. It’s about whether t ...