#Binance founder Changpeng “#CZ” Zhao also pleaded #guilty, paid a $50M fine & was sentenced to 4 months in #prison.
In late April—a few wks before #USD1 began trading on Binance—Zhao applied for a #pardon from #Trump’s #DOJ.
On Thurs, the #SEC voluntarily dismissed its suit against Binance that accused it of failing to restrict high-net-worth individuals from the platform, misleading investors about trading controls & commingling funds that it routed to a 3rd party.