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Binance Co-founder Yi He Confirms CZ’s Positive Regulatory Standing in US
Binance co-founder Yi He recently addressed concerns surrounding Changpeng Zhao (CZ), the company’s former CEO, during a Binance Chinese community meetup in Dubai. According to reports, He reassured attendees that CZ was in a “positive situation” regarding the regulatory uncertainties surrounding him in the United States.
The Chinese-born Canadian citizen stepped down as Binance’s CEO last year as part of a plea deal the company made with US regulators for violating certain rules. Despite this, the Binance co-founder disclosed that CZ’s “standing in the US is largely peaceful, and past regulatory pressures have been internally anticipated”.
CZ to Face Sentencing in the US
The comments regarding Zhao’s regulatory standing in the US come ahead of his sentencing hearing, scheduled for April 30, 2024, at the US District Court of Western Washington.
If found guilty by Judge
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