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Is CZ Facing a Tougher Sentence Despite Pleading Guilty? 🏛️
#CZ , the founder of Binance, faces potential challenges despite pleading guilty to breaching U.S.
Anti-Money Laundering rules. Initially expecting a 12–18 month #sentence , the DOJ aims for a harsher penalty up to 10 years.
Legal experts doubt the government's case strength and predict a minimum-security prison term or alternative sentencing.
CZ's relevance in the crypto world is critical; failure to deter future misconduct might backfire on the DOJ. His $4.3 billion settlement and #resignation as CEO mark significant developments.
#Binance
#crypto2023
#CZ , the founder of Binance, faces potential challenges despite pleading guilty to breaching U.S.
Anti-Money Laundering rules. Initially expecting a 12–18 month #sentence , the DOJ aims for a harsher penalty up to 10 years.
Legal experts doubt the government's case strength and predict a minimum-security prison term or alternative sentencing.
CZ's relevance in the crypto world is critical; failure to deter future misconduct might backfire on the DOJ. His $4.3 billion settlement and #resignation as CEO mark significant developments.
#Binance
#crypto2023
