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Haynes boone
Binance 'Can Survive' $4B Settlement, Says Legal Expert
Binance and its now former CEO Changpeng 'CZ' Zhao pleaded guilty Tuesday to anti-money laundering and U.S. sanctions violations in a settlement with the U.S. government. Haynes Boone Partner Kit Addleman weighs in on whether the world's largest crypto exchange can bounce back from this.
Legal Expert on What Binance, CZ Woes Mean For Crypto Industry
Binance, the world's largest crypto exchange, has agreed to pay $4.3 billion to settle allegations it broke sanctions and money-transmitting laws. Founder Changpeng "CZ" Zhao also pleaded guilty in Seattle to charges he personally faced and agreed to pay a $50 million fine to the Department of Justice, in addition to stepping down as CEO. Haynes Boone Partner Kit Addleman weighs in on the latest developments and the implications for the crypto industry at large.
