US President Donald Trump pardoned Changpeng Zhao, the former CEO of Binance, on Thursday. Zhao, also known as "CZ," had served a four-month prison sentence in 2024 after pleading guilty to failing to maintain an effective anti-money laundering program at Binance. The company was fined $4.3 billion and put under a three-year monitor by the Department of Justice

The pardon is seen as a significant move by Trump to boost the crypto industry, which has been critical of the Biden administration's regulatory stance. Zhao has ties to Trump's crypto venture, World Liberty Financial, and had applied for the pardon earlier this year. The White House stated that the pardon was part of Trump's effort to end the "war on cryptocurrency"

Would you like to know more about the implications of this pardon or the current state of cryptocurrency regulations in the US?

ON🟢Thursday,🔥our President Donald Trump pardoned Changpeng Zhao, the former CEO of the industry"s largest crypto exchange, Binance, according to White House official.

Zhao, who goes by .CZ, served a four_month prison sentence in 2024...✅

Under Zhao ., Binance failed to prevent criminals. sanctioned entities, and other bad actors from laundering billions of dollars in dirty monney according to court filings.

The Department of Justice fined the company $4.3 billion and ordered a three-year, third-party monitor to oversee the company’s operations♻️♻️♻️♻️♻️♻️