Under federal rules, withdrawal is %.
The cryptocurrency market will take off if CZ announces reinstatement, says CryptoQuant CEO.
CZ could be released today after serving a four-month sentence for failing to properly monitor money laundering on #Binance .
under federal rules, inmates can be released earlier on the last weekday if their scheduled release date falls on a weekend. The policy is part of a broader set of rules governing prisoner release procedures that also take into account good behavior and other eligibility criteria.
Upon release, CZ will be flown to Dubai or Paris to reunite with his family. Under the terms of the settlement agreement with the US regulator, he is permanently banned from participating in the management of Binance in any capacity. The agreement also effectively prohibits him from returning to a leadership role in the company.
Despite this, CZ retains his rights as a major shareholder. Traders expect that the market could be volatile following its release, especially in altcoins and Binance Coin (BNB); according to CoinGecko, #BNB was trading at around $612 at the time of the report, up around 3% in the last 24 hours.
#Bitcoin has continued to rise, recently breaking the $65,000 mark. Its exchange rate currently stands at around $66,400, up 2.5% on the day. Ethereum, meanwhile, is approaching the $ 2,700 mark.
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