Changpeng Zhao, widely recognized as CZ and former CEO of Binance, surprised the cryptocurrency community by being moved from prison to a halfway house.
This could be one of the biggest bullish catalysts for an incoming altcoin season, which will excite investors and traders alike. Now that the dust settles around the legal battles, attention will focus in the broader market implications, especially up-and-coming altcoins like RCO Finance (RCOF).
The Aftermath of CZ’s Legal Troubles
News recently broke that Changpeng Zhao received a four-month sentence in a halfway house for money laundering violations. Brief as the sentence was, it drew some attention from the crypto community since it underlines the regulatory challenges facing Binance, the globe’s biggest crypto exchange.
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