Crypto: Binance boss pleads guilty, steps down, but crypto bulls still see promise in another black eye for the industry

Crypto: Binance boss pleads guilty, steps down, but crypto bulls still see promise in another black eye for the industry
By: market watch Posted On: November 21, 2023 View: 144

Changpeng Zhao, co-founder of the world’s largest crypto exchange Binance, pleaded guilty on Tuesday to criminal charges related to violating U.S. anti-money-laundering laws, and stepped down as head of the company.

But over the long-run, another black eye for the crypto industry could end up being positive for Binance, and the crypto markets, according to several market proponents. 

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