Trump Pardens Binance Founder Changpeng Zhao, 'Ending Biden Administration's War On Crypto'

Benzinga neutral
Trump Pardens Binance Founder Changpeng Zhao, 'Ending Biden Administration's War On Crypto'

Binance co-founder Changpeng "CZ" Zhao, convicted of violating U.S. anti-money-laundering laws, has been granted a pardon by President Donald Trump . What Happened: White House press secretary Karoline Leavitt confirmed that President Trump used his constitutional authority to pardon Zhao, calling it an end to the "Biden Administration's war on crypto.

Article Summary

**Trump Pardons Binance Founder CZ Zhao, Signaling Major Crypto Policy Shift** President Donald Trump has officially pardoned Binance co-founder Changpeng "CZ" Zhao, who was previously convicted of violating U.S. anti-money laundering laws. White House Press Secretary Karoline Leavitt announced the presidential pardon, describing it as ending the "Biden Administration's war on crypto." This unprecedented move marks a dramatic shift in cryptocurrency regulation and could trigger significant market implications for Bitcoin, blockchain technology, and the broader digital asset ecosystem. The pardon of one of crypto's most influential figures signals Trump's pro-cryptocurrency stance and potential policy changes favoring decentralized finance (DeFi) and blockchain innovation. CZ's legal troubles stemmed from regulatory violations related to Binance's anti-money laundering compliance, making this pardon particularly significant for cryptocurrency exchanges and digital asset trading platforms. Market analysts expect this development to boost investor confidence in cryptocurrencies and potentially impact Bitcoin prices and altcoin valuations. The decision represents a stark contrast to previous regulatory enforcement actions and suggests a more crypto-friendly regulatory environment ahead, potentially benefiting blockchain startups, cryptocurrency investors, and digital asset adoption across traditional financial institutions.

Article Details

Source
Benzinga
Published
October 23, 2025 at 04:26 PM
Sentiment
neutral
Type
Article
Category
regulation
Topics
Regulation

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