Changpeng Zhao, the co-founder of Binance, is facing a possible three-year prison sentence following his guilty plea to violations of the Bank Secrecy Act. The charges against Zhao include allowing Binance to bypass federal sanctions and money laundering laws by enabling users to create accounts with just an email address for cryptocurrency-only transactions. His sentencing is scheduled for tomorrow in a federal court in Seattle, presided over by Judge Richard A. Jones. The Department of Justice has recommended a three-year term, but Judge Jones has expressed skepticism about enhancing the sentencing guidelines to this length, citing a lack of evidence that Zhao was aware of the illegal activities. Probation's recommendation leans toward a 12-point sentence.