Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
U.S. prosecutors: seeking a statutory maximum sentence of 10 years in prison for former Binance CEO CZ

U.S. prosecutors: seeking a statutory maximum sentence of 10 years in prison for former Binance CEO CZ

CointimeCointime2023/11/26 16:51
By:Cointime

In documents submitted on November 24th, US prosecutors indicated that they may seek a statutory maximum sentence of 10 years in prison for former Binance CEO Zhao Changpeng (CZ), which could exceed the sentencing guidelines. The documents were submitted in response to CZ's motion to oppose the US government's detention of him. The prosecutors stated that the upper limit of the sentencing guidelines could be as high as 18 months, and the US could freely assert any statutory maximum sentence of up to 10 years. Former head of the SEC Enforcement Division, John Reed Stark, stated that this is the first time that prosecutors have explicitly and clearly stated that they may seek a maximum sentence of 10 years. A DOJ lawyer supporting the detention of CZ stated that the punishment he faces in sentencing is undoubtedly significant to him, which "helps to reasonably restrict" him.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin Clings to $74K: Analyzing BTC’s Ability to Ward Off Further Decline

Stability at $74K: How 50,000 BTC Holders are Supporting Bitcoin's Resistance Against Further Dips

Coineagle2025/04/12 23:11
Bitcoin Clings to $74K: Analyzing BTC’s Ability to Ward Off Further Decline

33% of French looking to buy crypto in 2025 but Italians are even more bullish

Share link:In this post: A third of French people intend to purchase cryptocurrencies this year. New study shows Italians as most bullish among surveyed nations in Europe. The crypto sector’s growing legitimacy helps attract more investors, researchers say.

Cryptopolitan2025/04/12 18:56