US EditionWhite House pardons billionaire crypto exec Changpeng Zhao two years after Binance founder pleaded guilty in landmark DOJ investigation
Trump pardoned Binance founder Changpeng Zhao, who served four months for money laundering violations, ending Biden's aggressive crypto crackdown, White House said.
- President Donald Trump pardoned Changpeng "CZ" Zhao, the founder of Binance, who pleaded guilty to a violation of the Bank Secrecy Act in 2023 and served four months in prison.
- The White House Press Secretary stated that the Biden Administration's actions damaged the U.S.'s reputation and claimed the pardon signaled the end of the 'War on Crypto.'
- Critics argue that the pardon exemplifies corruption and could embolden future misconduct in the crypto industry.
- Critics, including Congressperson Maxine Waters, condemned the pardon, labeling it part of a pay-to-play corruption scheme benefiting Zhao after he financially supported Trump's personal crypto company.
470 Articles
470 Articles
Donald Trump's Crypto Corruption Machine Is Whirring Along At A Stunning Pace
On Thursday, Donald Trump announced a presidential pardon of Binance founder Changpeng Zhao. Zhao, better known as CZ, pleaded guilty to money laundering charges in November 2023, then spent most of the summer of 2024 in a U.S. prison before his September 2024 release. Binance is the world's largest cryptocurrency exchange by a wide margin, and as one might expect from the hub for unaccountable fake money specifically designed to elude any regul…
What to Know About Trump’s Pardon of Binance’s Founder
Changpeng ‘CZ’ Zhao, the richest man in crypto, has been granted a pardon from President Donald Trump, marking a dramatic reversal of a yearslong federal crackdown on crypto. Zhao, who founded cryptocurrency exchange Binance in 2017 and is worth an estimated $85 billion, pled guilty to violating anti-money laundering laws in 2023 and served four months in prison. [time-brightcove not-tgx=”true”] Binance, the world’s biggest crypto exchange in te…
Did the billionaire Binance bro pay for his pardon?
“Better to ask forgiveness than permission.” Those were the words of Changpeng Zhao – the billionaire founder of Binance, the world’s largest crypto exchange – when dismissing the need for anti–money laundering safeguards. This week, his strategy proved both vatic and effective. Zhao, better known as “CZ,” received a presidential pardon for the money laundering charge to which he pleaded guilty in 2023.Just a year ago, CZ was sentenced to four m…
Trump pardons founder of the crypto exchange Binance | Honolulu Star-Advertiser
President Donald Trump granted a pardon to Changpeng Zhao, the billionaire founder of cryptocurrency exchange Binance, wiping away one of the U.S. government’s most significant crackdowns on crypto crime.
Just Trump Pardoning Trump Investor Who Helped Hamas And Al Qaeda Launder Money
Binance founder/ pardonee Changpeng ZhaoBack when President Donald J. Trump’s second inauguration rolled around, his personal finances were not looking good. The state of New York had declared him a fraud, and fined him $364 million dollars, and the interest was compounding by the minute. There was even talk of Trump Tower getting seized and turned into the Letitia James Center For Kicking Trump Hard In The Nuts! But what a difference 10 months …
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