President Donald Trump has pardoned Binance founder Changpeng Zhao , who had previously pleaded guilty to enabling money laundering while heading the cryptocurrency exchange, the White House said Thursday.

The pardon of Zhao, widely known as CZ, came two months after The Wall Street Journal reported that the Trump family's own crypto venture, which has generated about $4.5 billion since the 2024 election, has been helped by "a partnership with an under-the-radar trading platform quietly administered by Binance."

"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," White House press secretary Karoline Leavitt said in a statement.

"In their desire to punish the

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