Binance Founder Pardoned by Trump Administration

[Webster]

(The Guardian) Trump pardons founder of Binance, world’s largest crypto exchange
Donald Trump issued a pardon for the founder of the world’s largest cryptocurrency exchange on Thursday. “President Trump exercised his constitutional authority by issuing a pardon for Mr Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency,” a White House statement said. “The war on crypto is over.”

Changpeng Zhao pleaded guilty in late 2023 to one count of failing to maintain an anti-money laundering program and stepped down as CEO of Binance, which paid $4.3bn to settle related allegations. He was sentenced to four months in prison.

Trump pardons founder of Binance, world’s largest crypto exchange

Changpeng Zhao pleaded guilty to failing to stop money laundering in 2023 and was sentenced to four months

www.theguardian.com

 

[Fidelia]

I also agree with Trump that there was an agenda in the way CZ was tried and convicted. Trump has done the right thing now.

 

[Kera]

It was a done deal the day Trump won the election. It was clear that CZ would be pardoned by Trump because of his pro crypto stance.

 

[Trush Jodie]

CZ has been one of the biggest influencers in the crypto world. And it would be unfair for him to the crypto world that Trump is a huge participant in to keep him convicted.

 

[Starmix]

That is good news for the family. The family might have called Trump for help. This happened during the Biden administration. That could be unfair for the founder of the world’s largest cryptocurrency exchange .

 

[kit_hung]

Trump has pardoned Binance founder Changpeng Zhao after a 2023 case in which he pleaded guilty to failing to implement anti-money laundering regulations. Binance paid $4.3 billion and Zhao served four months in prison. The move has been called the end of the war on crypto and has sparked a heated debate about the regulation of the industry. Many see this as a sign that crypto is finding new ground and its future could take a different direction.
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