Can CZ return to the helm after being released from prison?

Binance has imposed a lifetime ban on its former CEO Changpeng Zhao (CZ) from managing or operating the company. However, as the major shareholder of the company, Zhao Changpeng still holds considerable influence.

Binance founder Zhao Changpeng (CZ) will be released from prison at the end of the month, and the community is hoping that CZ's release from prison will bring some favorable changes to Binance, becoming a big boon for Binance and BNB tokens. However, according to foreign media Axios, Richard Teng, the CEO of Binance, confirmed that in the plea agreement reached between Binance and the US Department of Justice (DOJ) in November, it was explicitly stated that Zhao Changpeng would be "permanently banned" from managing or operating the company.

According to Richard Teng, although Zhao Changpeng is permanently banned from participating in the daily management of the company, as the largest shareholder, he still retains all shareholder rights. He can make decisions based on the company's performance and has the right to nominate or replace board members and CEO. Previously, Zhao Changpeng was the only board member of Binance, but according to the plea agreement, Binance has now increased to seven board members.

However, although Zhao Changpeng is prohibited from participating in daily management activities, his rights as a shareholder still raise questions about whether he can provide advice to senior management as an advisor.

Has the settlement agreement not completely blocked the possibility of return?

However, although the CEO of Binance has denied the possibility of CZ returning to take charge of Binance, Daniel Richman, a professor at Columbia Law School and former federal prosecutor, pointed out that the settlement terms reached between the Department of Justice and Binance did not explicitly prohibit the company from allowing Zhao Changpeng to return to the CEO position in the future. The ban is listed as a "consideration factor" in the agreement in the document, rather than a mandatory requirement, indicating that the agreement has not completely blocked the legal path for Zhao Changpeng to return to the position of CEO. Daniel Richman stated:

The key is to include a clause that prohibits Binance from allowing him to come back and allows the government to accuse the company of breach of contract if it does so. However, such a clause did not appear in the agreement

However, in the coming years, under close supervision by US regulatory agencies, the relationship between Binance and Zhao Changpeng will still be further tested. Yadav, a law professor at Vanderbilt University, believes that if Zhao Changpeng attempts to re intervene in company affairs, he will face great risks, which may trigger further investigations by regulatory agencies.

(责任编辑：金店)

• ·TRON 波场网络加强全球支付基础设施建设，Stripe 旗下 Bridge 公司扩展集成
• ·10月31日鹏扬景恒六个月持有混合A净值下跌0.01%，近1个月累计上涨0.12%
• ·虚拟货币平台app-
• ·一文读懂 STEPN GO：创新设计与经济模型深度解析，探索跑鞋二代破圈机会
• ·虚拟货币领域职务犯罪典型案例曝光
• ·俄罗斯对谷歌处以天文数字罚款 高达35位数 远超全球GDP
• ·莱特币即时行情-莱特币即时行情最新消息
• ·财务费用会出现负数吗？
• ·bcc支持的平台
• ·10月31日招商量化精选股票C净值增长0.59%，近3个月累计上涨16.09%
• ·挖矿需要什么设备 挖矿需要什么设备和软件
• ·阳谷华泰：筹划发行股份购买资产 明日起复牌
• ·比特币行情区块链
• ·福斯特：股东同德实业拟减持不超过0.31%公司股份
• ·特朗普税改法案引发财政担忧，美国国债收益率持续承压
• ·10月31日华商竞争力优选混合A净值下跌0.63%，今年来累计下跌3.25%