Former Binance CEO Changpeng Zhao is pushing back on a Wall Street Journal report that Donald Trump has held talks with Binance to buy a stake in Binance.US. Earlier today, the WSJ reported that the Binance founder “pushed” for the Trump administration to pardon him for his 2023 guilty plea for violating US anti-money laundering […]
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Binance founder Changpeng Zhao (CZ) has revealed the breakdown of his crypto investment portfolio, showing one asset is by far his largest holding. According to a new post on Binance Square, 98.48% of Zhao’s crypto portfolio is in BNB, the native asset of Binance. His portfolio also consists of 1.32% Bitcoin (BTC) as well as […]
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Changpeng Zhao thinks Binance’s crypto asset listing process is “a bit broken.” Zhao, who co-founded the exchange, recently took to the social media platform X to discuss Test (TST), a test token launched by the BNB Chain team for a tutorial video on how to create memecoins using its Four.meme launchpad platform. Binance recently listed TST, sparking […]
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The world’s largest crypto exchange is facing a new investigation into what the company calls “old” allegations in France. According to a new Reuters report, French authorities are investigating charges of money laundering in connection with drug trafficking against Binance. Said an unnamed Binance spokesperson to Reuters, “Binance fully denies the allegations and will vigorously […]
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The Supreme Court has denied a petition to review a lower court decision that securities laws applied to Binance.
The US Supreme Court has declined to hear an appeal from crypto exchange Binance and its founder, Changpeng “CZ” Zhao, regarding a class-action lawsuit by investors who alleged the exchange illegally sold unregistered tokens that lost significant value.
On Jan. 13, the Supreme Court of the United States denied a petition to review a lower court ruling that US securities laws applied to the crypto exchange, even though it doesn’t have a physical headquarters in America.
In March, a lower court ruled the case could proceed because token purchases were finalized in the US and transactions took place on US servers, despite Binance not being an American company.
At an upcoming annual meeting next year, Amazon shareholders will decide whether the tech giant should consider adding Bitcoin (BTC) to its corporate treasury. But Binance co-founder Changpeng Zhao says on the social media platform X that he has an even more simple solution. “Simple. Accept Bitcoin payments?” Zhao also acknowledged that BTC isn’t a […]
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In the latest round of the SEC suit against Binance, Binance.US and CZ, the agency has largely repeated itself in a form more acceptable to the court.
The United States Securities and Exchange Commission (SEC) has responded to a motion for the dismissal of its amended suit against cryptocurrency exchanges Binance and Binance.US and former Binance CEO Changpeng Zhao alleging they operated an unregistered securities exchange. The allegation is based on the sale of ten cryptocurrencies on the secondary market intermediated with the exchange’s BNB coin.
The SEC filed an amended complaint after Judge Amy Berman Jackson in the US District Court for the District of Columbia questioned the reasoning in a complaint making the same allegations. The Binance exchanges and Zhao filed a motion for the dismissal of the complaint on Nov. 4.
The SEC’s Memorandum of Law opposing the motion to dismiss responds to their claim that the SEC complaint does not plausibly produce facts to satisfy the Howey test. The memorandum discusses each prong of the test and reiterates the SEC’s position on them.
The former Binance CEO already pleaded guilty to one felony charge and served four months in prison, but receiving a presidential pardon could present certain opportunities.
Former Binance CEO Changpeng “CZ” Zhao suggested that he would be open to receiving a federal pardon from United States President-elect Donald Trump for a felony charge.
In a Dec. 1 reply to TelosX co-founder John Lilic on X, Zhao said he “wouldn’t mind a pardon” from Trump, who is scheduled to be inaugurated as the 47th US President on Jan. 20.
As part of a settlement with authorities in November 2023, the former Binance CEO pleaded guilty to a criminal charge related to his failure to maintain an effective Anti-Money Laundering program at the crypto exchange.
The founder and former CEO of Binance, Changpeng Zhao, is revealing his plans for the future following his release from prison after serving a four-month sentence. Zhao says that for the next few years, the Giggle Academy – his education startup focused on reducing the global illiteracy rate – will be a “big part” of […]
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Former Binance CEO Changpeng Zhao (CZ) has shared a personal update, reflecting on his recent experiences and future aspirations. He emphasized his intention to focus on various projects related to education, blockchain, artificial intelligence (AI), and biotechnology. Zhao expressed confidence that future opportunities will exceed those of the past. CZ Shares Vision Following Prison Release […]