‘War on Crypto Is Over’: Donald Trump Pardons Binance Founder CZ

In a surprise move, former US President Donald Trump has pardoned Changpeng Zhao, the founder of the cryptocurrency exchange Binance. Zhao had previously been convicted of violating anti-money-laundering laws and US sanctions. The pardon comes as a significant development in the ongoing regulatory scrutiny of the cryptocurrency industry. Zhao, known as "CZ," had faced federal charges related to alleged violations of US sanctions and anti-money-laundering laws. The pardon is seen by some as a sign of a shift in the US government's approach to the cryptocurrency sector, with the "war on crypto" being declared over. The move is also likely to have broader implications for the industry, potentially paving the way for more regulatory clarity and collaboration between cryptocurrency companies and US authorities. It remains to be seen how this pardon will impact the ongoing legal and regulatory landscape for the cryptocurrency industry in the United States and globally.