Just like Arthur Hayes of BitMEX in Autumn 2020, Changpeng Zhao (CZ) of Binance is facing similar legal challenges in Autumn 2023.
Both incidents coincide with Bitcoin's Autumn price rising, from $10,000 in case of BitMEX and from $35,000 in case of Binance.
Legal experts predict CZ's potential prison time to be around a year or less, drawing parallels to Hayes, who received six months of house arrest in 2022 despite government efforts for a longer sentence.
This is my idea.
The impact is positive for the space and is another of many bullish reason for this digital asset to increase in value (short term and long term). There will be bumps in the road along the way as technicals will display over time.
Don't count out market dynamics and don't make up events as it seems you like boogeymen tales. Mommy there is something in the closet.
However, Go Long, hopefully we will be very prosperous, ride the elevator up and then enjoy the free fall. You're nibbling at scrapes falling off the boat when there is a school of tuna circling it.