The criminal case is already a measure of last resort. Judging by how quickly Binance and SEC managed to agree, there was not such a serious situation, which could lead to such a sad outcome, as a criminal case or even the arrest of CZ. I'm more inclined to believe that it's all the usual market manipulation and FUD, and the situation itself is much less dramatic than various media are trying to describe it in the information field.
I'm pleasantly surprised to see the SEC and Binance come to an agreement. I was expecting the whole incident to be a lot more serious, which sheds doubts on how serious the confict actually a larger plan to plan to manipulate the market and/or hurt cryptocurrencies and analyze at what degree they were affected.
It's too early to talk about any kind of agreement, because things can still go on. Binance has filed a lawsuit against the SEC, hired lawyers, and the fight is just beginning. The SEC may not be on the defensive in this fight either, but they will also attack, filing counter-suits and new charges that will be uncovered during the investigation. This could all drag on for years, like the Ripple situation, so I wouldn't jump to the conclusion that they have come to some kind of agreement.