Binance founder Changpeng Zhao (CZ) is reported to have received a presidential pardon from former President Donald Trump.
The reported pardon follows CZ’s conviction earlier this year for money laundering violations and breaching US financial regulations.
This development occurs amidst allegations of undisclosed financial ties between Binance and Trump’s family, including reported investments linked to World Liberty Financial and Binance.us. CZ previously denied these specific allegations publicly.
Should the pardon be confirmed, it could potentially pave the way for CZ to resume an executive leadership role at the cryptocurrency exchange he founded.
The situation highlights the complex and evolving regulatory landscape that major cryptocurrency firms like Binance continue to navigate globally.