Binance founder, Changpeng Zhao, aka "CZ", has checked into a low-security prison in California to serve a 4-month sentence for money laundering charges. đą The crypto community salutes his decision, seeing it as a selfless act to protect Binance from potential collapse. Post-prison, CZ plans to continue his crypto involvement, maintaining his holdings and engaging in passive investing. He views this period as a "new stage for the crypto industry" highlighting the importance of regulatory compliance. Despite a hefty $50 million fine, CZ's sentence is less severe than the initial 3-year recommendation.