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：风向标)

• ·数字货币软件有哪些？虚拟货币看市值排名的APP
• ·如何购买ArbDoge (AIDOGE)及其上架交易所推荐
• ·交易平台排名 虚拟货币交易平台排行榜
• ·NBA传奇球星Scottie Pippen看好Shiba Inu，声称Altcoin季节已到来
• ·企业购进电脑奖励员工是否视同销售
• ·共治交易所骗-共治交易所骗局揭秘
• ·omg价格今日行情价格
• ·比特股交易所
• ·[币赢交易所排名第几]币交易所排名前10名
• ·Coinbase 分析 Solana 網路費用：活動傾向美西時段、DEX 費用占比高於以太坊
• ·特朗普又作妖，美联储今年票委发声：降息门槛更高了
• ·古代股票
• ·特朗普加密货币利益引发民主党反腐败行动
• ·电脑怎么怎么挖矿 电脑怎么挖矿啊
• ·nkn币行情最新价格-nkn币价格市值及图表
• ·Ravencoin (RVN)购买攻略：哪里可以买到？