Binance's CZ Wins Pardon From U.S. President Donald Trump

Coindesk neutral
Binance's CZ Wins Pardon From U.S. President Donald Trump

U.S. President Donald Trump has granted Binance founder Changpeng "CZ" Zhao a pardon, months after the former exchange CEO confirmed he'd asked for a presidential pardon, the Wall Street Journal reported Thursday.

Article Summary

**Binance Founder CZ Receives Presidential Pardon from Donald Trump in Major Crypto Development** Former Binance CEO Changpeng "CZ" Zhao has been granted a presidential pardon by U.S. President Donald Trump, marking a significant milestone for the cryptocurrency industry. The Wall Street Journal confirmed this groundbreaking development, which comes months after CZ publicly acknowledged seeking clemency from the Trump administration. This presidential pardon removes legal obstacles for the Binance founder, potentially reshaping the regulatory landscape for major cryptocurrency exchanges. The decision signals a more crypto-friendly approach from the Trump administration, which could positively impact Bitcoin prices and broader digital asset markets. CZ's pardon may boost investor confidence in centralized exchanges and DeFi protocols alike. The news represents a major victory for the blockchain community, as Binance remains the world's largest cryptocurrency trading platform by volume. Market analysts suggest this development could accelerate institutional adoption of digital assets and strengthen the overall crypto ecosystem. The pardon eliminates uncertainty surrounding one of crypto's most influential figures, potentially catalyzing increased trading activity across Bitcoin, Ethereum, and altcoin markets.

Article Details

Source
Coindesk
Published
October 23, 2025 at 03:30 PM
Sentiment
neutral
Type
Article
Category
bitcoin
Topics
CryptoNews

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