Trump Grants Pardon to Binance Founder Changpeng Zhao in Major Crypto Policy Shift
In a significant move, Donald Trump has issued a presidential pardon to Changpeng Zhao, the founder of Binance, who was convicted for anti-money laundering failures. This action marks a pivotal moment in the administration’s approach to cryptocurrency regulation and industry dynamics.
Presidential Pardon for Crypto Mogul
Former President Donald Trump has granted a pardon to Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, according to a White House statement released Thursday. The pardon follows Zhao’s guilty plea in 2023 for failing to maintain an effective anti-money laundering program, for which he was sentenced to four months in prison and his company paid a $4.3 billion settlement.