Trump pardons Binance founder Changpeng Zhao: WSJ
Crypto Briefing
President Donald Trump pardoned Binance founder Changpeng Zhao following his prison sentence for money laundering charges.Summary
President Donald Trump has issued a pardon to Changpeng Zhao (CZ), the founder of Binance, after CZ completed a four-month prison sentence. Zhao had pleaded guilty to money laundering charges stemming from compliance failures related to inadequate anti-money laundering controls at the exchange. Binance previously paid $4.3 billion in penalties to US regulators in November 2023, leading to Zhao stepping down as CEO. The pardon has sparked debate regarding a potential shift in Washington's regulatory stance toward digital assets, especially amid reports of potential business discussions between the Trump family and Binance concerning Zhao's possible return to a leadership role.
(Source：Crypto Briefing)