<p>The post <a href="https://coinpedia.org/news/judge-richard-jones-rejects-dojs-push-for-changping-zhaos-sentence-enhancement/" rel="noopener noreferrer nofollow">Judge Richard Jones Rejects DOJ’s Push for Changping Zhao’s Sentence Enhancement</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Judge Richard Jones has rejected the Department of Justice’s (DOJ) request to extend the prison sentence for Changpeng Zhao, the former CEO of Binance. The DOJ had sought to increase Zhao’s <a href="https://coinpedia.org/news/former-binance-ceo-cz-faces-3-year-sentence-shocking-twist-reveals-wealth-growth-jail-or-no-jail/" target="_blank" rel="noopener noreferrer nofollow">sentence from 18 months to 3 years</a>, alleging his involvement in illegal activities related to cryptocurrency transactions.&nbsp;</p>
<p>However, Judge Jones has expressed skepticism about the DOJ’s argument, emphasizing the lack of evidence showing Zhao’s awareness of any wrongdoing.</p>
<h2 class="wp-block-heading" id="h-judge-questions-doj-s-argument">Judge Questions DOJ’s Argument</h2>
<p>During the court proceedings, Judge Richard Jones refuted the DOJ’s request for a sentence enhancement, citing insufficient evidence linking Zhao to illicit activities. The judge noted that there was no indication that Zhao had been informed of any illegal conduct, challenging the DOJ’s assertion that Zhao was aware of such activities.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Judge Richard Jones said he does not agree with the DOJ's request for an enhancement to the sentencing guidelines that would push the sentence from 18 months to 3 years: “There’s no evidence that the defendant was ever informed” of illegal activity.</p>— @nikhileshde@journa.host (@nikhileshde) <a href="https://twitter.com/nikhileshde/status/1785350502949241039?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="h-doj-s-argument-and-zhao-s-defense">DOJ’s Argument and Zhao’s Defense</h2>
<p>The DOJ’s attorney <a href="https://coinpedia.org/news/doj-calls-for-3-year-prison-sentence-for-binance-ex-founder-changpeng-zhao/" target="_blank" rel="noopener noreferrer nofollow">argued that Zhao’s involvement</a> in tapping into the U.S. financial system demonstrated a deliberate violation of the law. The attorney emphasized that Zhao himself had admitted to seeking forgiveness rather than permission in his endeavors to build the world’s largest cryptocurrency exchange.</p>
<p>The defense team representing Zhao did not seek house arrest but proposed probation as an alternative to incarceration. They highlighted Zhao’s cooperation and acceptance of responsibility as factors warranting consideration in sentencing.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Judge Richard Jones said he does not agree with the DOJ's request for an enhancement to the sentencing guidelines that would push the sentence from 18 months to 3 years: “There’s no evidence that the defendant was ever informed” of illegal activity.</p>— @nikhileshde@journa.host (@nikhileshde) <a href="https://twitter.com/nikhileshde/status/1785350502949241039?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="h-impact-on-crypto-regulation">Impact On Crypto Regulation</h2>
<p>The outcome of this sentencing decision has broader implications for the enforcement of financial regulations in the cryptocurrency sector. The DOJ’s argument that Zhao’s case sets a precedent for regulatory enforcement underscores the significance of this legal battle.</p>
<p>Meanwhile, the final ruling will consider arguments from all parties involved before determining the appropriate course of action for Changpeng Zhao.</p>
<p>Also Check Out : <a href="https://coinpedia.org/news/changpeng-zhaos-unexpected-turn-sentenced-to-four-months-for-financial-crimes/" rel="noopener noreferrer nofollow">Changpeng Zhao’s Unexpected Turn: Sentenced to Four Months for Financial Crimes</a></p>

Judge Richard Jones Rejects DOJ’s Push for Changping Zhao’s Sentence Enhancement

Table of Contents

CoinPedia News

Other articles published on May 1, 2024

Solana Crawls: Network Update Fails To Fix Traffic Jam, Price Feels The Pinch

Embracing AI in Legal Practice

Prediksi Harga DOGE Tahun 2024, 2025, dan 2030

Crypto Security Exploits See 141% Drop in a Month

XRP’s 20% monthly drop – Here’s what it means for you next

Fantom Allocates $6.5 Million to Promote ‘Safer Memecoins’

Join our free newsletter for daily crypto updates!