Changpeng Zhao, founder of the massive cryptocurrency exchange Binance, received a lighter sentence than expected. After pleading guilty to anti-money laundering violations, he was sentenced to four months in federal prison on April 30th, 2024. This comes after a year of legal scrutiny for Binance, which also resulted in a hefty $4.3 billion fine. CZ’s cooperation with authorities and lack of personal involvement in the illegal activity likely played a role in the reduced sentence.
SEC Steps Up as Crypto Enabler, Unveils Fraud Crackdown Unit
The goal is to make way for innovation, says SEC Chair The United States Securities and Exchange Commission (SEC) has...
