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BCH $235.43 -0.48%
LINK $7.93 +0.01%
HYPE $63.72 -2.10%
AAVE $95.81 +1.70%
SUI $0.7321 +0.12%
XLM $0.1787 -2.47%
ZEC $505.92 -2.15%

U.S. Department of Justice Attorney: Zhao Changpeng and Binance's strengthened compliance is commendable, but it does not affect the ruling in this case

2024-05-01 01:21:30
Collection

ChainCatcher news, according to on-site reporter @nikhileshde, a lawyer from the U.S. Department of Justice stated that CZ and Binance did encourage enhanced compliance, but this was after the incident occurred. This is what they should have done; while it is commendable, it does not warrant probation here. The DOJ lawyer urged for a "meaningful" prison sentence before concluding: "Probation here would incentivize others to break the law and do so on as large a scale as possible."

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