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Trump pardons Binance founder Changpeng Zhao

2025-10-23 17:20:32Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Trump pardons Binance founder Changpeng Zhao

US President Donald Trump has officially pardoned the founder and former CEO of Binance, Changpeng Zhao (CZ), one of the world's largest cryptocurrency platforms, the Wall Street Journal reports .

Zhao pleaded guilty to violating the Bank Secrecy Act in 2023, resulting in Binance paying over $4.3 billion in fines and his personal sentence of 4 months in prison. This pardon removes his legal restrictions, potentially allowing him to return to Binance’s leadership.

The move follows Zhao’s pardon request filed months ago amid media reports of possible ties to Trump family crypto ventures like World Liberty Financial (WLF). Following the pardon, Zhao’s reinstatement could increase Binance’s penetration of the US market and expand the BNB blockchain ecosystem.

This decision demonstrates the Trump administration's friendly stance towards cryptocurrencies, following pardons for BitMEX co-founder Arthur Hayes and Silk Road creator Ross Ulbricht.

However, the pardon has sparked controversy, with the White House concerned about conflicts with Trump family business interests, such as Binance’s $2 billion joint venture with WLF. Critics argue that it undermines judicial integrity and could exacerbate fears of cryptocurrency money laundering.

For the market, this news is expected to boost BNB prices in the short term, with a projected 5%-10% increase in the next hour due to the massive impact of CZ. Broader crypto assets could rise at the same time, although the risks of regulatory backlash are evident.

In the long term, the pardon solidifies Binance’s global dominance, fueling BNB’s innovation in DeFi and NFTs. Investors should monitor the SEC’s response to assess the long-term impact.


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