Can CZ return to the helm of Binance after serving his sentence at the end of the month?
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:百科资讯)
- 欧意交易所下载安装 十大币圈交易平台app盘点
- 手续费最低OS币APP官网_免费交易OS币APP盘点
- 派币持有量 派币持有量排名前十
- 比特币买卖交易平台 一览
- 石家庄中医院在哪里-石家庄中医院在哪里?
- WAVS币全球领先官网地址TOP10:WAVS币官网地址最多人下载最新排名
- fil币今日行情价格 fil币价格今日行情最新
- pi币价格今日行情-pi币价格今日行情图
- 昆明夜景哪里最漂亮
- DOT币最大商城排行榜2023年:DOT币商城国际知名十大盘点
- 利津水煎包哪里最正宗-利津水煎包哪里最正宗视频
- 股票营业率-股票营业利润率
- 实木踢脚线价格全解析,每米多少钱?实木踢脚线多少钱一米
- 比特币软件官网方登录v7.1.6
- 比特币巨鲸James Wynn多单仓位价值突破11亿美元
- 白酒长期保存的5个关键技巧_白酒如何长期保存
- 好的医药股票-好的医药股票有哪些
- 对话 Circle CEO:从监管到创新,美元数字化是大势所趋
- 10大btc交易所排行榜单 btc交易所排名
- 中国比特币官网 知名度权威排行大盘点
- okb交易所官网 views+
- 虚拟货币交易平台排名 views+
- 0kx交易所官网 views+
- 欧易最新版本 views+
- 虚拟货币交易平台有哪些 views+
- oe交易所app下载 views+
- 亿欧app下载 views+
- 数字货币交易所 views+
- 欧易交易所下载 views+
- OK交易所官网入口登录 views+