White House pardons billionaire crypto exec Changpeng Zhao two years after Binance founder pleaded guilty in landmark DOJ investigation
Trump's pardon ends DOJ monitoring of Binance after founder served prison for anti-money laundering failures; Binance paid $4 billion in fines, potentially enabling US market return.
- On Wednesday, President Donald Trump signed a pardon for Changpeng Zhao, founder of Binance, with Karoline Leavitt saying it ended 'The Biden Administration's war on crypto.'
- After pleading guilty, Changpeng Zhao stepped down as Binance CEO under the plea deal, served a four-month prison term, and was released last year after a $4.3 billion settlement.
- Prosecutors documented that Binance allowed more than 1.5 million trades totaling nearly $900 million that violated U.S. sanctions, with the judge noting Zhao's decision to ignore U.S. banking requirements.
- The pardon enables Changpeng Zhao to conduct more business operations in the U.S., and the BNB token added about 3% minutes after the news.
- Critics and some senators warned that ties between Changpeng Zhao, Binance, and World Liberty Financial’s $2 billion investment raise integrity concerns as the pardon caps a monthslong effort.
473 Articles
473 Articles
Addressing Trump's Claims About the Pardon of Binance Founder
In defending his Oct. 23 pardon of Binance founder Changpeng Zhao, President Donald Trump claimed that Zhao was the victim of a Biden administration “witch hunt.” The billionaire executive known as “CZ” pleaded guilty to allowing money-laundering through his cryptocurrency company. He was fined $50 million and served a four-month sentence in a low-security prison and halfway house. Trump’s comments came during a Nov. 2 interview on CBS News’ “60…
Crypto founder pardoned by Trump denies having ties to president's family – Democratic Accent
The convicted founder of Binance, the world’s largest crypto exchange, said he was “a little bit surprised” by President Donald Trump’s pardon of him on “Special Report” Friday. “We have never met,” former Binance CEO Changpeng “CZ” Zhao told “Special Report” anchor Bret Baier in an exclusive interview. “We have never talked.” TRUMP CRYPTO CHIEF …
The Best Presidential Pardon a Stablecoin Can Buy
Illustration by Daniel MedinaPresidential pardons are almost always controversial. Sometimes they are shrouded in mystery, like President Gerald Ford’s 1974 pardon of Richard Nixon. Was the pardon pre-arranged when Nixon appointed Ford as his vice president in late 1973, or did Ford grant it less than a year later to move on from a scandal that had consumed the nation?Sometimes pardons appear to be transactional, such as Bill Clinton’s 2001 pard…
The Intercept
Cryptocurrency News | Cryptocurrency Prices | Market CapTrump Is Rewriting History to Justify His Sketchy Pardon of a Crypto King
After Donald Trump pardoned a billionaire crypto king on Thursday, he claimed that Binance founder Changpeng Zhao was “persecuted” by Joe Biden’s Justice Department as part of what the White House called a “war on cryptocurrency.” On one level, that assertion was an attempt to explain away a pardon that many see as a naked quid pro quo with a man whose business used Trump’s crypto tokens in a transaction that benefited the president’s family fir…
‘CBS Evening News’ Only Broadcast Network To Say Nothing On-Air About Trump Pardon Of Money-Laundering Crypto CEO; Changpeng Zhao Has Biz Connections To POTUS Family
A controversial pardon by POTUS this week of a crypto exec with ties to the First Family was nowhere to be found on the CBS Evening News last night
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