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White House pardons billionaire crypto exec Changpeng Zhao two years after Binance founder pleaded guilty in landmark DOJ investigation
Zhao pleaded guilty to a Bank Secrecy Act violation and paid $4 billion to resolve DOJ charges before his pardon by President Trump amid a U.S. crypto industry revival.
- October 23, 2025: President Donald Trump pardoned Changpeng `CZ` Zhao after reports circulated in recent weeks about a possible pardon.
- Zhao pleaded guilty in 2023 to a single Bank Secrecy Act violation and paid $4 billion to resolve the Department of Justice investigation led by Merrick Garland and coordinated by Janet Yellen.
- Zhao remains the largest shareholder in Binance, though it is unclear if he will return to the company.
- The pardon positions the administration as pro-crypto, aligning with efforts to revive the industry as Bitcoin hit $126,000 earlier this month then drifted to $111,000, advancing over 19% this year.
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U.S. President Donald Trump has pardoned Changpeng Zhao – over a year after serving his sentence.
·Zürich, Switzerland
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Coverage Details
Total News Sources141
Leaning Left35Leaning Right10Center52Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 36%
C 54%
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