🚨 BREAKING: Trump Pardons Binance Founder CZ
President Trump just granted a full pardon to Changpeng "CZ" Zhao, wiping away his 2023 conviction for AML compliance failures.
The Game-Changer:
💰 CZ remains majority owner of Binance with $85B+ net worth 🇺🇸 Pardon clears path for potential U.S. market entry 🔓 Restrictions lifted—CZ could return to direct leadership 📈 Signals major regulatory shift under Trump administration
The Backstory:
CZ pleaded guilty in late 2023, served 4 months in prison, and stepped down as CEO. Binance paid $4.3B in settlements. Richard Teng now runs the exchange.
White House called it ending Biden's "war on crypto"—noting zero fraud allegations or victims in CZ's case.
What It Means:
This isn't just about one person. It's a seismic shift in U.S. crypto policy. Binance could now challenge Coinbase and Kraken on their home turf. Regulatory risk calculations just changed for the entire industry.
CZ's response: "Deeply grateful to President Trump for upholding America's commitment to fairness, innovation, and justice."
The Controversy:
Senator Elizabeth Warren and Democrats are pushing back, citing Trump family's World Liberty Financial ties to Binance's $2B investment deal.
Bottom Line:
The most influential figure in crypto just got his second chance in the world's largest economy. The implications? Massive.