In the coming days, Binance founder Changpeng "CZ" Zhao might go to jail in the United States. Officials are pushing for a 36-month prison term and a $50 million fine. They say this punishment fits the crime of breaking anti-money laundering laws, according to a court filing.

Prosecutors believe Zhao knowingly broke U.S. laws and should serve a longer sentence than usual. They say this, along with the hefty fine, is fair punishment.

Zhao admitted to breaking U.S. money laundering rules and stepped down as Binance's CEO in November 2023. He also paid a $50 million fine, and Binance faced other penalties.

Federal guidelines suggest Zhao could get up to 18 months in prison, but he agreed not to argue against this limit. He's currently free on bail of $175 million.

To settle the legal issues, Zhao and Binance agreed to pay $4.3 billion to the U.S. government. This helped Binance continue operating in the U.S. under new rules.

Even though he's no longer with Binance, Zhao is still involved in cryptocurrency. He started Giggle Academy, a project to teach young children about crypto and blockchain. The project aims to introduce these technologies to toddlers aged two to three.

Recently, Zhao revealed Giggle Academy's logo, which represents youthfulness, positivity, and growth, while also honoring Binance's history.

In conclusion, Binance founder CZ faces a potential jail term in the U.S. for violating money laundering laws. Despite this, he's working on educating young children about cryptocurrency through Giggle Academy.