As the Department of Justice (DOJ) backs up its legal action against Changpeng ‘CZ’ Zhao – the lead figure of , – with a proposal for a decade-long prison term along with restricted travel rights, former SEC administrator John Reed Stark has shared his insights on this situation and the possible wider ramifications.
The renewed agressive tehem of the DOJ can be seen in the statement issued on a late weekend evening in which officials have suggested that at the forseeable future CZ must complsy with his national borders and cannot embark on a journey back to the UAE, where he had been living.
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