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**the fate of "changpeng": from ceo to "cz" **

in april 2023, zhao changpeng was sentenced to four months in prison in new york. this is undoubtedly a huge challenge for binance and the future of the entire cryptocurrency field. however, changpeng zhao’s experience also reflects the complexity of the cryptocurrency industry.

**the rise of the “real power faction”: the rise of he yi**

changpeng zhao’s departure has caused binance to face huge changes. during this period, he yi quickly emerged as binance’s largest shareholder. he has broad control over binance’s marketing and investment operations. he also actively participated in board elections, laying a solid foundation for binance’s future.

**the dawn of regulation: the fate of cryptocurrency**

changpeng zhao’s case also means that the united states’ regulatory attitude towards the cryptocurrency industry is changing. although not a complete ban, stricter regulatory measures will have a significant impact on the cryptocurrency industry. this will also create new challenges for binance and other cryptocurrency companies.

**"quiet" time: zhao changpeng's "autobiography"**

during zhao changpeng's sentence, he will use this time to write an autobiography and record his growth experience and struggle story.

**future outlook: the fate of cryptocurrencies**

changpeng zhao’s case is undoubtedly an important turning point for the cryptocurrency industry. under the test of regulation, binance needs to find a new development direction and constantly adapt to market changes.