CZ has started presenting evidence against Tron founder Justin Sun as part of its agreement with the DOJ. Let's consider this:
DoJ will corner Justin Sun through CZ
During the Biden administration, Binance founder Changpeng Zhao (CZ) had to sever his ties with Binance with a hefty fine and 4 months imprisonment. At the same time, CZ entered into a cooperation agreement with the US Department of Justice (DOJ). Now using the same agreement, the DOJ has dicided to take action against Tron founder Justin Sun.
Impact on Tron
The exact nature of the evidence provided by CZ is not yet clear, but it is certainly related to some "violations of rules". The impact of these evidence on Tron is yet to be seen, but it could potentially increase regulatory scrutiny and pressure on the Tron Foundation which could harm the Tron blockchain and the TRX token.
Impact on the cryptoverse
The impact of Justin Sun VS CZ for the DoJ will be felt across the crypto industry. Other projects and exchanges may have to prepare a review of their processes. This situation could lead to a transparent crypto industry, but it could also lead to increased volatility, uncertainty and controversies over privacy.
Originally published on Wubits
