he plead guilty to not following the regulations of sanctioned countries(laundering). which he admits he didnt prrevent
Money laundering isn't a small crime. If CZ didn't prevent money laundering it means he's allowed it on Binance. He didn't steal money from customer like SBF so CZ isn't a thief but he did admit crimes of laundering money.
I don't know what's going to happen to his shares in Binance. Is he going to keep ownership?
his plea's come with a 18 month possible sentence, but he has until february to pay the fines(his fines not binance company fines) which can reduce further/remove the sentence if paid before february
We're expecting him to pay his dues before it's time to go to court so if he pays the fines he'll be expecting 18 months. If CZ doesn't pay before he's in court he's going to get more than 18 months.
In US law intent carries more weight then stupidity.
Ie you know you are money laundering
or you thought you were not money laundering.
Both could be the case for CZ but the government could easily prove the laundering not the intent.
So both CZ and the Gov settled on a plea deal.