Binance founder Changpeng “CZ” Zhao has agreed to step down as CEO of the crypto exchange following a $4.3 billion settlement with the U.S. Department of Justice (DOJ). CZ is expected to plead guilty to multiple charges in a federal court in Seattle. While he will retain his majority stake in Binance, he will no longer hold an executive position at the company. It’s important to note that this settlement does not resolve the ongoing litigation with the U.S. Securities and Exchange Commission (SEC). This is a developing story, and more information will be provided as it becomes available.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	negative
Relevance Score	1
People	Changpeng Zhao
Companies	U.S. Department of Justice (DOJ), Binance, The Wall Street Journal, U.S. Securities and Exchange Commission (SEC)
Currencies	None
Securities	None