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The Guardian - US

Technology

Nick Robins-Early

Trump pardons founder of Binance, world’s largest crypto exchange

Binance Changpeng Zhao X Donald Trump Crypto United States

a man in a suit walks outside — Changpeng Zhao, the founder of Binance, enters the federal courthouse in Seattle, Washington, on 30 April 2024. Photograph: Ellen M Banner/The Seattle Times via AP

Donald Trump issued a pardon for the founder of the world’s largest cryptocurrency exchange on Thursday.

“President Trump exercised his constitutional authority by issuing a pardon for Mr Zhao, who was prosecuted by the Biden administration in their war on cryptocurrency,” a White House statement said. “The war on crypto is over.”

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