Binance founder and CEO Changpeng “CZ” Zhao is stepping down from his role at the crypto company and pleading guilty against charges put forth by the U.S. Department of Justice. Binance will also pay $4.3 billion as part of the settlement. Richard Teng, previously Binance’s Global Head of Regional Markets, will step in as CEO.
But despite the unexpected shake-up, some industry figures don’t see this news as being necessarily bad for crypto. Some, like Coinbase Chief Legal Officer Paul…
