Ex-SEC Official Reacts To DOJ Seeking 3-Year Prison Term For Binance Founder CZ

Former U.S. SEC official John Reed Stark recently took to a post on X, spotlighting the DOJ’s filing with the U.S. Federal Court in Seattle to seek a 36-month prison sentence for Binance founder CZ (Changpeng Zhao) on allegations of violating the anti-money laundering laws (AML) on U.S. grounds. In a statement shared by the SEC veteran today, April 24, keen attention was drawn to Zhao’s sentencing, which remains poised for April 30, with Reed further cracking down on CZ’s role in Binance supporting crimes.