U.S. President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the giant Binance cryptocurrency exchange , a White House official said on Thursday, the latest in a series of shows of clemency for crypto executives and other criminals.

In a statement, White House press secretary Karoline Leavitt said Trump had “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.”

Zhao said in a post on social media platform X that he was “Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice.” He added: “Will do everything we can to help make America the Capital of Crypto.”

Binance, the world’s largest crypto

See Full Page