President Donald Trump pardoned Changpeng "CZ" Zhao, the convicted founder of Binance, the world’s largest crypto exchange.

Zhao pleaded guilty in 2023 to a single violation of the Bank Secrecy Act, which included failure to properly guardrail money laundering. He also paid $4 billion to resolve the Department of Justice’s investigation led by former Attorney General Merrick Garland and coordinated by then-Treasury Secretary Janet Yellen through its financial crime units.

Zhao left federal prison in September 2024 after serving a four-month sentence.

The crypto industry has been revived under the new administration, which has promised to make the U.S. the crypto capital of the world.

While Biden’s DOJ said that Zhao broke the law, some believe the charges were part of the Biden admini

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