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.