The billionaire CEO of #Binance , Changpeng Zhao, known as CZ, would have reached an agreement this Tuesday, 11/21/2023, with the United States Department of Justice to step down as CEO of the cryptocurrency brokerage Binance. Under the agreement, CZ must also plead guilty to money laundering charges that emerged following an investigation by the country's authorities.
CZ's exit could shake the market a little so keeping cash for strong declines and hedges protection in the futures market is very important.
The broker must also pay a fine of 4 billion dollars to the US government.
