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：商业观察)

• ·51信用管家极速贷怎么样？
• ·挖矿软件无法连接网络
• ·Arthur Hayes explains the impact of interest rate cuts: the yen against the US dollar exchange rate is key, and the market may plummet after the interest rate cut
• ·费用报销单表格怎么做
• ·数字货币交易app 虚拟币app排行榜
• ·etc虚拟币今日价格
• ·DePIN 专题报告：超过 370 个代币上线，Helium 用户突破 11 万大关
• ·矿池怎么收益
• ·实际缴纳的增值税怎么计算
• ·bch价格跟着btc-bch与btc对应价值
• ·okex价格指数
• ·以太坊第 1 层网络收入骤减，原因何在？
• ·新加坡首个代币化基金获批推出
• ·火币行情下载
• ·如何计算拍拍贷的逾期利息？有人知道吗？
• ·易钱包安全合法吗-易钱包安全么