PERSONAL COMMENTARY ON THE MARKET AFTER APRIL 30, 2024 - CZ EVENT

Once the most powerful figure in the cryptocurrency sector, CZ stepped down as CEO of Binance – the world's largest cryptocurrency exchange by trading volume – last November. He and the exchange admitted to evading anti-money laundering requirements under the Bank Secrecy Act (BSA), and agreed to a criminal fine of $4.32 billion.

Previously, his lawyers actively campaigned to reduce the sentence, making arguments such as first-time offense and having paid a criminal fine of 50 million USD. CZ is currently released on bail of $175 million and has agreed not to appeal any sentence. Binance alone was fined $1.81 billion and compensated victims $2.51 billion.

Judge Richard Jones plans to sentence CZ on April 30.

🔥Do you predict that Binance will be jubilant after April 30 or vice versa? I predict the situation will be the former, large investors who are observing the situation will jump in or inject more money, Binance's market capitalization will explode, the assets investors are holding will grow beyond Step up, those who are collecting goods before April 30 will win big. The same will be true for exchanges other than BNB.

🔔 This is only a personal opinion, not financial advice and disclaims all related responsibility.

CZ sentenced to 3 years in prison? We won't find out until the end of the month!
The Department of Justice is still not satisfied and CZ may be sentenced to 3 years in prison in the United States.
Honestly, this isn't real. You take money from others to eliminate disasters.
People have already paid more than $4 billion and they still need to be jailed. This is all about trying to find a balance for SBF.
Moreover, at the time of payment of the fine, it was decided that he would only be sentenced to imprisonment for not more than 18 months.
Now that she is beautiful, there is no harm in reducing her sentence, but there is no harm in doubling her prison sentence. White-skinned gentlemen are really good at going back on their promises.
However, before this, CZ had already prepared a backup plan; He would resign and let Richard become CEO.
The subsequent process confirmed this. Although CZ could not leave the US, Binance's development was not affected.
Including BNB, it once again turned into a golden shovel, kicking off the mining craze once again.
The current three-year prison sentence has not been determined yet, and I don't know if I can spend money to solve the case later, but at least it won't have a negative impact on Binance due to CZ's personal behavior. It was discontinued a long time ago.
Binance's current situation is already too big to fail and they cannot handle the public anger.
As for BNB, frankly speaking, if something happens to CZ, it will definitely be good for BNB.
CZ is CZ and Binance is Binance; Perhaps CZ is to Binance what Jack Ma is to Alibaba.
Let's take a look at the April 30 decision for specific circumstances.

Of course, anything can happen at any time, good or bad, it seems that it is useful to follow the process.

It is not investment advice
#Binance #btc #Bitcoin #web3 #Ethereum✅