Trump pardons Binance founder Changpeng Zhao — implications for Binance and US crypto policy
Trump pardons Binance founder Changpeng Zhao — implications for Binance and US crypto policy President Donald Trump has issued a pardon for Changpeng Zhao (known as "CZ"), the founder of Binance. Zhao previously pleaded guilty to federal money‑laundering charges in 2023, stepped down as CEO and received a four‑month prison sentence; he was released in September 2024. As part of his plea agreement he was barred from involvement with Binance for three years. The White House statement framed the pardon as a reversal of enforcement pursued under the prior administration. Both Zhao and Binance reportedly submitted formal pardon applications by August. Key facts Pardon granted: President Trump pardoned Changpeng Zhao, removing federal penalties tied to his 2023 guilty plea. Prior sentence and restrictions: Zhao pleaded guilty in 2023, served a…
