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24/10/25 02:52 UTC-04

Trump Pardons Convicted Binance Founder Changpeng Zhao

U.S. President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the cryptocurrency exchange Binance, according to Reuters, citing a White House representative.

White House Press Secretary Karoline Leavitt stated that Trump “used his constitutional authority to issue a pardon for Mr. Zhao, who had been prosecuted by the (former president — FM) Biden administration as part of its war against cryptocurrencies.”

Zhao, better known by his initials CZ, became one of the most influential figures in the world of digital assets, turning Binance into the largest cryptocurrency exchange on the planet.
However, in 2023–2024, his company became the subject of international investigations.
The U.S. Department of Justice accused Binance of violating anti–money laundering laws and circumventing sanctions.
The exchange admitted guilt and agreed to pay a $4.3 billion fine, while Zhao himself was sentenced in April 2024 to four months in prison for violations of financial compliance and oversight regulations.
After serving his sentence, he remained under restrictions but continued to wield considerable influence over the crypto market, with a personal fortune estimated at more than $70 billion.

The situation began to change after Donald Trump returned to the White House. The new president sharply softened his rhetoric toward cryptocurrencies and began promoting digital finance as part of his broader economic strategy.

In May 2025, the U.S. Securities and Exchange Commission (SEC) withdrew its lawsuit against Binance and its founder Changpeng Zhao, which had been filed in 2023.

Around the same time, the names Binance and Zhao reappeared in major U.S. media outlets — this time in connection with the World Liberty Financial crypto project, which is linked to the Trump family.

See also: "Revolut Obtains Cryptocurrency License in Cyprus"

#Trump #Binance #Changpeng Zhao

Editor: Yulia Krasnaya
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