{"id":29975,"date":"2024-04-30T18:58:28","date_gmt":"2024-04-30T18:58:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/changpeng-cz-zhao-faces-reduced-jail-time-as-judge-rejects-doj-request\/"},"modified":"2024-04-30T18:58:28","modified_gmt":"2024-04-30T18:58:28","slug":"changpeng-cz-zhao-faces-reduced-jail-time-as-judge-rejects-doj-request","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/changpeng-cz-zhao-faces-reduced-jail-time-as-judge-rejects-doj-request\/","title":{"rendered":"Changpeng &#8216;CZ&#8217; Zhao faces reduced jail time as judge rejects DOJ request"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1671186156038-91bde513-42c2-4f3d-b8ad-1e9a81285cec-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1671186156038-91bde513-42c2-4f3d-b8ad-1e9a81285cec-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1671186156038-91bde513-42c2-4f3d-b8ad-1e9a81285cec-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1671186156038-91bde513-42c2-4f3d-b8ad-1e9a81285cec-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>The judge has diverged from DOJ\u2019s 36-month proposal.<\/li>\n<li>Some believe the judge is leaning towards a 10 to 16-month sentence.<\/li>\n<li>Changpeng \u2018CZ\u2019 Zhao is accused of violating the Bank Secrecy Act.<\/li>\n<\/ul>\n<p>In a pivotal turn of events, the sentencing hearing for Changpeng \u2018CZ\u2019 Zhao, the former CEO of <a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance<\/a>, has taken a surprising twist.<\/p>\n<p>Judge Richard Jones has signalled a departure from the harsh sentencing proposed by the United States Department of Justice (DOJ), favouring a more lenient approach.<\/p>\n<h2>Judge Jones leans towards leniency<\/h2>\n<p>In the ongoing court hearing, Judge Jones expressed scepticism towards the DOJ\u2019s push for a lengthy prison sentence, opting instead to align with the recommendation put forth by the Probation Office.<\/p>\n<p>This recommendation suggests a jail term of 10 to 16 months for Zhao, a stark contrast to the 36 months sought by the DOJ.<\/p>\n<h2>Zhao\u2019s guilty plea and community support<\/h2>\n<p>Zhao\u2019s legal woes stem from a one-count charge of violating the Bank Secrecy Act, to which he pleaded guilty.<\/p>\n<p>After Changpeng \u2018CZ\u2019 Zhao\u2019s admission of guilt, he garnered widespread support from the crypto community, with family and friends rallying behind him and sending letters of support.<\/p>\n<h2>What Zhao\u2019s sentencing mean for Binance<\/h2>\n<p>The outcome of Zhao\u2019s sentencing holds significant implications, particularly for Binance, the cryptocurrency exchange he co-founded.<\/p>\n<p>With Zhao\u2019s conviction potentially affecting the France outpost, where he maintains full ownership, Binance\u2019s pursuit of a European License under Markets in Crypto Asset (MiCA) rules by 2025 could face hurdles.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/changpeng-cz-zhao-faces-reduced-jail-time-as-judge-rejects-doj-request\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) The judge has diverged from DOJ\u2019s 36-month proposal. Some believe the judge is leaning towards a 10 to 16-month sentence. Changpeng \u2018CZ\u2019 Zhao is accused of violating the Bank Secrecy Act. In a pivotal turn of events, the sentencing hearing [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":29976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29975"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=29975"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/29976"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=29975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=29975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=29975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}