BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Binance CEO Considers Exit Following Massive $4 Billion DOJ Settlement

by BlockNews.com Team
November 21, 2023
in BREAKING NEWS, BUSINESS, CRYPTO
Reading Time: 3 mins read
A A
#image_title

#image_title

2
SHARES
37
VIEWS
Share on XShare in TelegramShare on Reddit
  • Binance and CZ are settling with U.S. regulators for around $4 billion to end a DOJ investigation into whether Binance properly followed regulations
  • As part of the settlement deal, Binance founder and CEO Changpeng Zhao (CZ) is discussing stepping down from leading the company
  • If CZ resigns as CEO it would mark the exit of one of crypto’s most prominent leaders, though he’d likely still have major influence behind the scenes

The U.S. Department of Justice is settling charges with leading cryptocurrency exchange Binance. As part of the deal, Binance’s founder Changpeng Zhao (CZ) may resign from his leadership role.

🚨 NEWS: Binance CEO @cz_binance potentially exiting amid $4 billion DOJ settlement.

Some believe this is bullish since CZ has such a big target on his back.

CZ has yet to comment on this rumor. pic.twitter.com/rIz0Wxv6og

— BlockNews.com (@blocknewsdotcom) November 21, 2023

Background on Binance and Regulatory Scrutiny

Founded in 2017, Binance grew quickly to become the world’s largest crypto exchange by trading volume. However, Binance has faced growing regulatory pressure in recent years over whether it properly follows rules around anti-money laundering and offering derivatives to U.S. customers.

In 2018, the DOJ began investigating if Binance was complying with regulations. More recently in June 2022, the U.S. Securities and Exchange Commission (SEC) charged Binance and CZ with misleading investors and operating an unregistered exchange.

Potential $4 Billion Settlement and Leadership Change

According to sources, Binance is now set to pay around $4 billion to settle with U.S. regulators. As part of the deal, CZ is discussing stepping down from leading Binance.

The settlement would be between Binance, the DOJ, and the Commodity Futures Trading Commission. The SEC is not formally part of the deal.

If CZ were to resign as CEO, it would mark the exit of one of the most prominent leaders in crypto. CZ co-founded Binance in 2017 and has been widely seen as a visionary figure.

The leadership change could usher in a new era for Binance as it aims to move past regulatory troubles. However, CZ would likely still wield major influence from behind the scenes even if he formally steps down.

Conclusion

The impending $4 billion settlement and potential resignation of CZ underscores the regulatory reckoning facing Binance. As the DOJ investigation wraps up, Binance appears ready to turn the page by paying a hefty fine and changing its leadership.

Tags: BinanceBitcoincryptoCrypto ExchangeCrypto Regulation
Tweet1ShareShare
Previous Post

Satya Nadella Responds to OpenAI Crisis with Call for Change

Next Post

Animoca Brands Teams Up with Ubisoft for Web3 Gaming Revolution

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.