Trump Admin Links Binance Pardon to ‘Ending Biden’s War on Crypto’

The Trump administration, through Press Secretary Karoline Leavitt, defended its decision to pardon Binance founder Changpeng Zhao (CZ), framing it as a commitment to financial freedom and an effort to "end Biden's war on crypto." Leavitt accused the previous administration of waging a "regulatory crusade" that harmed US blockchain innovation. This defense comes despite President Trump previously claiming not to know CZ. CZ had pleaded guilty to compliance failures and served a four-month sentence. Critics argue the pardon undermines DOJ efforts, while supporters view it as a strong signal for making the US a crypto hub. The announcement also occurred during a record-breaking US government shutdown, which Trump advisers used to contrast their "pro-growth digital policy" against Democratic obstructionism.

(Source：BeInCrypto)