President Donald Trump has granted a pardon to Changpeng Zhao, most commonly known in the crypto world as CZ, the founder of the world’s largest crypto exchange Binance, who had previously pleaded guilty to charges related to enabling money laundering while operating the cryptocurrency exchange.

White House Confirms Pardon For Binance Founder

White House Press Secretary Karoline Leavitt stated , “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.”

Amid former President Joe Biden’s administration, CZ, pleaded guilty in 2023 to alleged violations of US anti-money-laundering (AML) laws and was serving a four-month prison sentence as part of a $4.3 billion settlement re

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