President Donald Trump has pardoned Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, erasing Zhao’s criminal record stemming from a 2023 plea to violations of the Bank Secrecy Act.
CZ, as Zhao is known, served four months in prison last year and Binance agreed to pay a $4 billion fine.
Binance has had dealings with World Liberty Financial, a crypto venture co-founded by Trump’s sons Donald Jr. and Eric, prompting questions about potential conflicts of interest and the influence of crypto business on policy.

Trump Pardons Binance Founder Zhao, Reg Debate Reignites
The pardon follows Zhao’s 2023 plea and Binance’s ties to Trump-linked ventures, stoking questions about anti-money-laundering compliance and policy.

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