Binance CEO Changpeng Zhao may resign as part of a $4 billion settlement with the US Department of Justice, according to sources familiar with the matter. This news hit the market like a bomb.
Claim: Binance CEO will resign after DOJ statement!
Allegedly, Changpeng Zhao will resign from his position as Binance CEO. It has been reported that the US Department of Justice (DOJ) will announce an agreement to end the years-long investigation into the stock market at a press conference to be held today. Following this, Zhao’s resignation began to be discussed before the announcement.
In Bloomberg’s news earlier this week, it was stated that the Ministry of Justice demanded $4 billion from the stock market. They also stated that criminal charges against Zhao would be an important part of the proposed resolution plan. Now, the Binance CEO is teasing the solution details, which will arrive later today.
WSC: CZ resigned!
cryptokoin.comAs you’ve been following from , for much of this year, crypto exchange Binance has faced increasing scrutiny from the United States. In fact, this resulted in a criminal investigation targeting the exchange and its CEO, Changpeng Zhao. Now, this process may be coming to an end and could result in major changes in the stock market.
Notably, the Wall Street Journal reported that Changpeng Zhao resigned from his position as CEO of Binance. The news comes as U.S. Attorney Merrick Garland is scheduled to hold a press conference today. Experts expect the end of the stock exchange’s criminal investigation to be an important part of the announcements. Earlier this week, it was reported that the DOJ was seeking $4 billion from Binance in a proposed settlement. However, they also filed criminal charges against its CEO, who has now become a central figure in the developments. The fate of Binance CEO will be announced during the press conference.
The fate of Binance CEO will be determined at this meeting!
The upcoming DOJ press conference will announce significant crypto industry actions, focusing on the Binance agreement and regulatory compliance. The US Department of Justice (DOJ) is preparing to announce significant sanctions in the cryptocurrency sector at a press conference on Tuesday afternoon. Those making remarks will include high-profile speakers such as Attorney General Merrick Garland and Treasury Secretary Janet Yellen. The announcements are expected to mark an important moment in the government’s ongoing efforts to regulate and oversee the rapidly evolving cryptocurrency landscape.
This development takes place in an environment where various government agencies’ activities targeting cryptocurrency companies are increasing. Thus, it shows that institutions are focusing more on regulatory compliance and implementation in the sector.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!