US President Donald Trump is reportedly considering a pardon for Binance co-founder and former CEO Changpeng Zhao , commonly known as CZ. This development comes amid heavy liquidations in the crypto market after the Republican president also announced plans for a 100% tariff on Chinese goods.

Could CZ Be Heading Back To Binance?

In a report on October 10, Fox Business reporter Charles Gasparino shared an inside scoop stating that discussions in the White House had commenced over a potential presidential pardon for Binance’s former boss, CZ. The analyst explains that this motion appeared to have sprung out of a partial belief in Trump’s camp that the fraud case against the Chinese-born Canadian was “weak” and that his felony conviction and prison sentence were disproportionate.

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