The Real Price of CZ’s Pardon
Changpeng Zhao’s presidential pardon isn’t just about clearing a criminal record. It represents a fundamental shift in how crypto billionaires wield political influence and rewrite financial rules to their advantage.
Changpeng Zhao’s presidential pardon isn’t just about clearing a criminal record. It represents a fundamental shift in how crypto billionaires wield political influence and rewrite financial rules to their advantage.
The Trump administration’s crypto approach reveals a fundamental tension between Bitcoin’s decentralized principles and political realities. While some Bitcoin-friendly policies emerged, centralized stablecoins and political connections dominate the landscape.
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.
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.
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