Reuters reports that Binance's defense attorneys have argued, among other things, that "a criminal prosecution would wreak havoc on a crypto market already in a prolonged downturn." Well then.
U.S. Department of Justice is considering filing criminal charges against Binance
Reuters has reported that the U.S. Department of Justice is considering filing criminal charges against Binance executives, including CEO Changpeng Zhao ("CZ"). This comes as a part of a four-year-long criminal investigation into money laundering and sanctions evasions. According to Reuters, DoJ prosecutors are "split" on whether to take aggressive actions against Binance executives, or to spend more time reviewing evidence.