Politics10/23/2025•Bloomberg

Binance Founder Zhao Wins Trump Pardon in Latest Clemency

Binance Founder Zhao Wins Trump Pardon in Latest Clemency

Binance co-founder Changpeng Zhao has received a pardon from former US President Donald Trump. This move is seen as a significant step in the former president's effort to embrace the cryptocurrency industry and provide legal relief to some of its prominent figures. The pardon comes as the crypto industry has faced increased scrutiny and regulatory challenges, with Binance itself being the subject of various investigations and legal actions in several countries. The pardon could potentially help Zhao and Binance navigate these challenges more effectively. The decision reflects the growing influence and importance of the cryptocurrency sector, as well as the former president's willingness to support it, despite the industry's regulatory and legal hurdles. The pardon may also signal a shift in the overall attitude towards cryptocurrency and blockchain technology in the US political landscape.

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