New turmoil has begun in the US and crypto worlds after CZ pleaded guilty to violating US laws.
The Runaway Suspect
The punishment for CZ will be announced this Wednesday. Although a US court has allowed CZ to return to the UAE on condition that he will return for judgement, CZ even filed a $175 million bond for this; however, the prosecutor has opposed this as the US and UAE do not have an extradition treaty.
Rivals are as unhappy as a lark
Binance's rivals in the US are not happy, even though their biggest rival is leaving the US market. The SEC's lawsuit against Coinbase is going on, and encouraged by Binance's giving up without a fight, the SEC has sued the US's second-largest platform, Kraken.
FED is too smart to pronounce
Treasury Secretary Janet Yellen, while boasting her victory over Binance, couldn't even pronounce Binance correctly; instead, she pronounced "Benance" in the press conference. Scam token creators also tried to cash on this word, but yellen become a bunch of joke.