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The Independent UK

Ariana Baio

Trump pardons Binance founder convicted on money laundering charges to end ‘war on crypto’

Donald Trump Melania Trump Changpeng Zhao Binance Crypto Elizabeth Warren Cryptocurrency Karoline Leavitt Corruption Justice Department

President Donald Trump pardoned Changpeng Zhao, the co-founder of cryptocurrency exchange Binance, this week in a move the White House framed as a response to what it called the Biden administration’s “war on cryptocurrency.”

Zhao, also known as “CZ”, pleaded guilty to enabling money laundering and agreed to step down as the CEO of Binance as part of a $4.3 billion settlement with the Justice Department in 2023. He served four months in prison.

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