“An outcome where a defendant makes a plan to violate US law, does so on a massive scale, makes extraordinary amounts of money” and then gets to go home to make money after getting caught means another rational actor might take that chance.
“The brazen nature of this conduct does require a sentence that includes a meaningful period of incarceration.” The scale of this crime is “magnitudes of order” greater than other offenses, Mosley says.
As a result of asking forgiveness, not permission, Changpeng Zhao made himself a billionaire and celebrity, Mosley says.
We are now going to hear from the government, then probation, then the defense. No one else will speak, as far as we know.
The prosecution is trying to get some enhancements on CZ’s sentencing. We will be sorting out this objection before we go farther.
We’re delayed until 9:30AM PT / 12:30PM ET.
He’s taking a seat with his legal team. Judge isn’t on the bench yet. CZ’s in a dark blue suit with a light blue tie, and he looks tense.
And there’s motion in the courtroom. The hearing is expected to begin at 9AM PT.
Unlike with the Sam Bankman-Fried trial, public interest in the sentencing of Binance founder Changpeng Zhao seems to be low. I did not spend hours standing in line this morning. And as far as I know, CZ is not yet in the building.
The announcement follows the EU’s ruling to treat iPadOS the same as iOS, allowing residents to download apps from outside the Apple App Store, uninstall preloaded apps, and select default services like browsers from choice screens. iPad and iPhone users outside of Europe will have to continue streaming Fortnite through a browser.
Having lost its fight in Congress, TikTok faces a tough battle in US courts and with China’s own export controls.
