The well-known journalist specializing in cryptocurrencies, Colin Wu, presented a weekly overview of events in the cryptocurrency industry. In his review, he addressed issues related to the cryptocurrency platform Binance, considering that significant events have occurred in the past weekdays that deserve the attention of researchers.

The expert emphasized plans for integrating a corporate structure focused on increasing transparency in management, financial aspects, and accounting data. It is expected that these efforts will lead to a significant increase in the company's profits. Teng emphasized the importance of collaboration with representatives of the political sphere and expressed readiness to cooperate with colleagues from the industry to take substantial measures.

The well-known lawyer John Reed Stark stated that the court documents presented by the U.S. Department of Justice (DOJ) contain a request to limit the former head of Binance, Changpeng Zhao, from being in the mainland United States and to prohibit his travel to the UAE. The defense claims that Zhao may face short-term punishment without proper legal grounds. The maximum penalty could be up to 18 months, but U.S. authorities may impose any legally prescribed maximum penalty of up to 10 years.

In addition, Binance US announced that Changpeng Zhao has decided to step down as chairman of the board and transfer his voting rights to his trusted individuals. He will no longer be involved in the organization's management.