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Binance co-founder Changpeng “CZ” Zhao said he was not very confident he would be pardoned by US President Donald Trump after serving a four-month prison sentence in 2024 for violating US anti-money-laundering laws.
“You never know because we actually had very strong anti-lobbying from some of our perceived competitors in the US,” Zhao told Ran Neuner on the Crypto Banter podcast published to YouTube on Saturday.
“The other crypto exchanges in the US don't want me to get a pardon,” Zhao said, arguing they were concerned about Binance re-entering the US market after its exit in November 2023. The departure followed a $4.3 billion settlement with Binance and the US government over violations of the Bank Secrecy Act (BSA) and the International Emergency Economic Powers Act (IEEPA), as well as failure to register as a money transmitting business.
Binance.US resumed operations roughly four months after pardon
“I'm pretty confident it happened to some extent. I don't have concrete evidence of any of it, but I'm pretty confident there was push back,” Zhao said, referring to crypto exchange competitors in the US.
Zhao spoke to Ran Neuner on the Crypto Banter podcast. Source: Crypto Banter
US President Donald Trump pardoned Zhao in October 2025, just over a year after Zhao completed his four-month prison term in September 2024.
During an interview with 60 Minutes in November 2025, Trump said he had "no idea who he is" but was told that he was a victim of a "witch hunt" by the administration of former US President Joe Biden.
Binance.US resumed operations for eligible US users in February 2025, months before Zhao’s pardon was granted.
Zhao cleared of recent allegations
Zhao's comments came just months after a federal court in Alabama granted a motion in March to dismiss a 2024 complaint filed against Binance, its separate US entity Binance.US, and Zhao over allegations that the crypto exchange facilitated transferring funds to terrorist groups.
Looking ahead, Zhao said in April that he hopes cryptocurrencies and blockchain will simply become an invisible part of daily infrastructure by 2031, much like the internet today.
“I'm hoping that we don't talk about crypto as crypto in five years, just like we don't talk about the internet anymore, we don't talk about TCP/IP, we don't talk about HTML, JavaScript, etc,” Zhao told Scott Melker on the Wolf of All Streets podcast.
$BTC $ETH $BNB #binance #btc

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With the rise of cryptocurrencies and digital finance, more users are starting to leverage the Binance platform for trading, investing, and storing digital assets. However, alongside the growth in the crypto space, the number of scams related to account access increases.

The crypto market is closely watching Tether after an enormous $1.29 billion USDT outflow from exchanges on the Ethereum network — the largest exchange withdrawal recorded in nearly three months.
$BTC

According to on-chain data shared by Santiment, the movement is not being viewed as panic selling or capital leaving crypto entirely. Instead, analysts believe this could be a strategic repositioning by institutional investors and high-volume traders preparing for major market activity.
$ETH

Large USDT withdrawals often suggest that funds are moving away from centralized exchanges into self-custody wallets, DeFi ecosystems, or OTC trading desks. Historically, these shifts can signal that major players are preparing to deploy capital more efficiently rather than exiting the market.
$BNB

What makes this development even more interesting is the historical pattern behind similar outflows.

Back on February 9, Tether recorded an even larger outflow of $3.72 billion. Shortly after, Bitcoin experienced a temporary correction before creating what many traders later called a perfect accumulation zone on February 24. That move eventually fueled renewed bullish momentum across the broader crypto market.

Now traders are asking the same question again:

Is this another setup before a major market move?

The answer may depend on what happens next with exchange inflows. If USDT begins flowing back into exchanges over the coming days, it could indicate that sidelined capital is preparing to enter Bitcoin and altcoins aggressively. Such a return of liquidity has historically acted as fuel for bullish expansions.

At the same time, the market remains cautious. A lack of stablecoin redeployment could keep crypto assets moving sideways in the short term while institutions continue repositioning behind the scenes.

For now, one thing is clear — massive stablecoin movements of this scale rarely go unnoticed. Whether this becomes the foundation for the next rally or simply a temporary reshuffling of liquidity, traders across the market will be monitoring Tether flows very closely in the days ahead.
#Binance #BTC #Ethereum #BNB_Market_Update #crypto