US EditionWhite House pardons billionaire crypto exec Changpeng Zhao two years after Binance founder pleaded guilty in landmark DOJ investigation
Changpeng Zhao was pardoned after paying $4.3 billion in fines and serving four months for anti-money-laundering violations, enabling Binance's potential return to the U.S. market.
- President Trump pardoned Changpeng Zhao, founder of Binance, who pleaded guilty to money laundering charges in November 2023 and served four months in prison.
- Zhao's pardon is seen by the White House as an end to the Biden administration's 'war on cryptocurrency,' which allegedly targeted him without fraud allegations.
- White House press secretary Karoline Leavitt stated that the Biden administration's actions harmed the U.S. reputation in technology and innovation, highlighting Zhao as a victim.
- Zhao expressed regret for his actions and has been seeking a pardon to nullify his conviction, while his company, Binance, reached a multi-billion-dollar settlement with the U.S. government.
432 Articles
432 Articles
Trump Pardons Binance Founder CZ
U.S. President Donald Trump has officially pardoned Changpeng “CZ” Zhao, the founder of the world’s largest crypto exchange Binance. “Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide,” said Zhao on X, while also noting that he was “deeply grateful” for the pardon. Zhao was sentenced in April 2024 to four months in prison after pleading guilty to violating the Bank Secrecy Act, related to failures in…
Trump Immediately Hit With MAGA Blowback Over His Bombshell Pardon
President Donald Trump’s pardoning of the founder of crypto exchange Binance was met with immediate backlash from one of the president’s most ardent billionaire supporters. Joe Lonsdale, a venture capitalist and cofounder of the data-mining firm Palantir, questioned who was advising Trump after he pardoned Changpeng Zhao on Thursday. Zhao, better known online as CZ, served four months in jail after admitting to money-laundering violations that a…
Senile Donald Trump admits he has no idea who he just pardoned or why
As Donald Trump continues to recede into advanced dementia, it’s starting to become clear which of his henchmen are carrying out which of the Trump regime’s evil plots in Trump’s cognitive absence. For instance, sending ICE thugs to target Hispanic-looking people in major US cities is obviously the work of the openly racist Stephen Miller. But something else is going on here. From the start, Trump has been willing to pardon just about anyone who…
Donald Trump pardons billionaire Changpeng Zhao, founder of the world's largest cryptocurrency exchange, Binance. Zhao is profiting from the...
Trump pardons convicted Binance founder ‘CZ’ Zhao
WASHINGTON — President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the Binance cryptocurrency exchange, the White House said Thursday, in the latest move by Trump to boost the crypto industry and expunge its past misdeeds. Zhao, a billionaire known as “CZ” who is one of the most influential figures in crypto, quit in 2023 as Binance chief after the company pleaded guilty to failing to maintain an effective anti-money laund…
Changpeng Zhao was probably the richest inmate in a US prison, albeit only for four months. Now the founder of the Binance cryptocurrency exchange was subsequently pardoned by Donald Trump.
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