A New Chapter: Note on CZ's Pardon The pardon granted to our
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Updated at: 3 hours ago
{"content":"A New Chapter: Note on CZ's Pardon
The pardon granted to our founder, Changpeng "CZ" Zhao, on October 23, 2025, marks a pivotal moment for Binance and the broader crypto industry. This action clears his legal record and signifies a major shift in the regulatory landscape.
- Official Rationale: The White House stated the pardon corrects the previous administration's "war on cryptocurrency," arguing that CZ was prosecuted despite no allegations of fraud or identifiable victims. President Trump personally remarked, "A lot of people say that he wasn't guilty of anything".
- CZ's Response: CZ has expressed deep gratitude, posting on X that he is "Deeply grateful for today's pardon and to President Trump for upholding America's commitment to fairness, innovation, and justice" . He pledged to "do everything we can to help make America the Capital of Crypto and advance web3 worldwide" .
- Broader Implications: This pardon is a clear signal of the current administration's strong pro-crypto stance, aligning with its goal to make the U.S. the global leader in digital assets . It potentially opens a path for a more integrated role for Binance in the U.S. market.
🏛️ Political and Industry Context
This decision occurs within a specific context of regulatory changes and political ties:
- Regulatory Shift: The Trump administration has already signed the GENIUS Act into law, establishing a federal framework for stablecoins, and is pushing for comprehensive legislation to provide clarity for the digital asset industry .
- Controversy and Criticism: The pardon has drawn criticism from figures like Senator Elizabeth Warren, who labeled it an example of "corruption" . Reports highlight financial ties between the Trump family's crypto venture and Binance, noting that a Binance-retained lobbyist is a friend of Donald Trump Jr. . These connections have fueled debate about the influence of lobbying on the decision.
🔮 What to Watch For
Looking ahead, two key developments will shape the future:
- CZ's Next Move: There is intense speculation, reflected in betting markets,","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/24/2093e17f77bb34a7f93de90aa44cbb21.png"],"tags":[],"tradingPairs":[],"quotearticleid":0}