Former Binance CEO Changpeng Zhao emphasized the growing significance of compliance in the crypto industry, stating that it has entered a new phase where adherence to regulations is paramount. This declaration follows his recent sentencing to four months in prison for violating US compliance regulations.

Zhao expressed his intention to maintain a passive role as an investor and holder in the crypto space. He acknowledged that Binance has come under intense scrutiny but reassured stakeholders by affirming the safety of funds.

Last year, Zhao pleaded guilty to federal money laundering charges, with prosecutors highlighting Binance's corporate culture prioritizing expansion over fraud prevention, resulting in Zhao's departure from the company and a substantial fine of $150 million.

This sentencing coincides with a pivotal moment for the crypto industry, marked by heightened regulatory oversight globally. Notably, US financial authorities have intensified efforts to enforce compliance among major crypto platforms like Binance, Coinbase, and Kraken.

Looking ahead, Zhao announced his dedication to education through the Giggle Academy project, a non-profit initiative aimed at addressing educational disparities in underserved communities. The project offers free foundational education tailored to the needs of learners, with a focus on interactive learning methods.

Zhao provided updates on the Giggle Academy project, including the unveiling of its logo and ongoing development. He revealed plans to expand the initiative's reach to include children as young as 2-3 years old, emphasizing the goal of providing comprehensive education from an early age and growing alongside the community over the long term.