Trump pardons Binance founder Based on multiple news reports
Trader_AbdulGhaffar
Updated at: 7 hours ago
{"content":"Trump pardons Binance founder
Based on multiple news reports.
President Donald Trump granted a pardon to Changpeng "CZ" Zhao, the founder and former CEO of the cryptocurrency exchange Binance.
The White House confirmed this pardon, noting that Trump used his constitutional power to grant the pardon to Zhao, who had previously been convicted of violating anti-money laundering laws in the United States.
* Background of the ruling: Zhao pleaded guilty in November 2023 to failing to maintain an effective anti-money laundering program at Binance, and resigned from his position as part of a settlement deal with the U.S. government, serving a four-month prison sentence in 2024.
* White House Statement: The White House spokesperson indicated that the Biden administration pursued Zhao in its "war on cryptocurrencies," and that "the Biden administration's war on cryptocurrencies has #","images":[],"tags":[],"tradingPairs":[],"quotearticleid":0}