1
Binance / Re: Binance CZ founder to surrender passport judge's ruling
« on: May 02, 2024, 11:29:32 PM »In the early years, CZ and his Binance didn't actively cooperate with the regulators, and he started to do so only after the regulators became interested in him and put pressure on him. On the whole, I would say that CZ was lucky in this trial because the judge was more or less loyal and rejected the main demands of the DOJ. In fact, the 4-month jail sentence looks like trolling by the judge as it's symbolic of that famous picture of CZ.As a Binance user, I believe that 4 months in prison would be an appropriate sentence for CZ. This is because CZ has been actively cooperating with the US DOJ, and Binance CEX has not engaged in any fraudulent activities against its users. CZ is not Sam Bankman-Fried, and a harsher sentence, such as 18 or 36 months in prison, would be excessive. Binance continues to operate and is actively complying with regulations.
More importantly, a lenient sentence for CZ would help to reduce negative sentiment in the crypto market, which could further worsen the price charts. We have already had enough bad news related to lawsuits, inflation, and war. A market correction is necessary, but it should not be a severe decline due to news related to CZ sentence.