NewsletterBinance Vs SEC Case: Major Development Ahead Changpeng ‘CZ’ Zhao Release
Highlights
- Judge Amy Berman Jackson granted attorney Emily Kapur to appear as on behalf of Changpeng Zhao.
- 10 attorneys have filed to withdraw as attorneys for CZ ahead of his release.
- Changpeng Zhao was moved from prison to the RRM Long Beach halfway house in California.
Binance vs SEC Case: The U.S. Securities and Exchange Commission (SEC) lawsuit against Binance, Binance.US, and co-founder Changpeng Zhao witnessing key developments. The move comes as the release of Binance co-founder Changpeng Zhao comes near as he was moved from prison to a halfway house in California.
Notable Filings Related to Changpeng Zhao in Binance Vs SEC Case
In the recent updates in the Binance vs SEC lawsuit, several filings were submitted related to co-founder CZ. This has sparked speculation about whether it is related to Changpeng ‘CZ’ Zhao’s release.
CZ expected release is on September 29 as the court sentenced him to 4 months of prison sentence after he pled guilty to anti-money laundering laws violations and agreed to step down from the CEO role.
Judge Amy Berman Jackson has granted an order allowing attorney Emily Casey Warren Kapur to appear as pro hac vice on behalf of CZ. Kapur is a partner at Quinn Emanuel Urquhart & Sullivan LLC.
Moreover, the attorneys including Abid Riaz Qureshi, Benjamin Naftalis, and Heather A. Waller have filed notices of withdrawals as attorneys for Binance founder Changpeng Zhao. Notably, 10 attorneys have filed to withdraw as attorneys, indicating a key change in the Binance vs SEC lawsuit.
“This withdrawal will not unduly delay trial, which has not yet been scheduled. Additionally, no party will be unfairly prejudiced by this withdrawal, and it is not counter to the interests of justice,” the filing reads.
Will the Agency Drop Charges Against Former Binance CEO?
Amid a major political shift due to elections in the U.S., the crypto industry is optimistic about positive development including regulatory clarity and mainstream adoption. There is also speculation that charges against CZ could be dropped similar to Ripple executives.
As the crypto community awaits the release of former Binance CEO Changpeng Zhao, he was likely moved from prison to the RRM Long Beach halfway house in California. CZ plans to work on his new education-focused business Giggle Academy.
However, the district judge in the Binance vs SEC lawsuit ordered that claims against defendant Zhao as a control person over Binance and BAM Trading (Binance.US) for their alleged violations of the Exchange Act to proceed.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Why is the LUNC Price Up 70% Despite the Crypto Market’s Decline?
- CoinShares Fires Back at Arthur Hayes, Dismisses Fears Over Tether Solvency
- Bitcoin Stalls Ahead of FOMC as Analyst Van de Poppe Sees No Break Until Tuesday
- Bitcoin Hyper Presale Review: How Utility is Unlocked With ZK-SVM Rollup
- Morgan Stanley Turns Bullish, Says Fed Will Cut Rates by 25bps This Month
- Ethereum Price Holds $3,000 as Bitmine Scoops Up $199M in ETH; What Next?
- Solana Price Outlook Strengthens as Spot ETFs See $15.68M in Fresh Inflows
- Dogecoin Price Gears Up for a $0.20 Breakout as Inverse H&S Takes Shape
- Bitcoin Price Forecast as BlackRock Sends $125M in BTC to Coinbase — Is a Crash Inevitable?
- XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
