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

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

By Benzinga
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.

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**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.

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Market Sentiment
neutral
Category
regulation
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Regulation

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Source: Benzinga

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