The scheduled sentencing of Binance founder Changpeng Zhao, alias “CZ,” for a money laundering charge has been pushed back to April 30, according to a notification in Seattle federal court. This delay of two months follows Zhao’s admission of guilt on Nov. Binance, the world’s largest cryptocurrency exchange, pleaded guilty to not upholding a successful anti-money laundering program. In other news, Bitcoin has risen to become the 10th largest global asset, surpassing Berkshire Hathaway and JPMorgan. Will the former Binance CEO receive a more severe punishment? The sentencing, which was originally planned for February, has been postponed. The decision to possibly seek a harsher sentence for Zhao, who is 23 years old, has raised concerns about the reasons behind this choice. While federal guidelines recommend a maximum 18-month prison term, prosecutors are reportedly thinking about asking for a more severe punishment, leading to heightened speculation about what the final sentencing outcome will be. Zhao admitted his guilt and agreed to resign as CEO of Binance, as well as pay a significant $50 million penalty. Binance, led by Zhao, also agreed to pay $4.3 billion in fines and restitution for illegal money-transmitting activities. The delay in Zhao’s sentencing has raised questions about its potential consequences. The docket entry did not explain why the postponement occurred, allowing for different interpretations. Bitcoin is trading at $49,973 on the weekly chart according to TradingView.com. Additional complication to Zhao’s situation.