POLITICS

Trump pardons Binance founder Changpeng Zhao, key cryptocurrency figure

President Donald Trump pardoned Binance founder Changpeng 'CZ' Zhao, who served four months for Bank Secrecy Act violations after criminals used the exchange. White House counsel reviewed the request, press secretary Karoline Leavitt said, calling the Biden administration 'very hostile' to crypto and the case an 'egregious oversentencing.' Zhao thanked Trump online. The move fits Trump's hands-off approach, with dropped crypto enforcement cases and a disbanded Justice Department team. A World Liberty Finance token — from a project founded by Trump and his sons — surged after the news. Effects on Binance and Binance.US remain unclear.

Reviewed by JQJO team

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