$BNB in his more than 300 pages memoir,binance founder and ex-CEO changpeng "CZ"Z.Zhao says US. Crypto exchange spent millions in an attempt to block his pardon.
CZ also reference what he call "false news "reported in the wall street journal and "smear article "published by bloomberg.
"a few friends told me that those smear article were founded by US. Crypto exchange fearing that a pardon would allow binance to re-enter the US. Market ",he wrote. "The paid million in lobbying fees to block the pardon,in fear of business competition. "
"President Donald Trump pardoned Zhao last October ",
In 2023,Zhao pleaded guilty to failing to implement adequate ant-money -laudering control at binance in addition to stepping down as the company CEO.he has said that being forced to serve prison time came as a surprise,pointing to past enforcement action that typically resulted in deferred prosecution agreements or home confinement.
According to politico,binance spent hundreds of thousands of dollars lobbying for CZ,pardon including paying one firms,run by "a hunting buddy of Donald Trump Jr"$450,000 for one month of work
CZ also said in the book that efforts to block his pardon ran contrary to president Trump wash to make "America crypto capital "
Blackrock CEO Larry fink and Bridgewater associates founder ray dalio both provides testimonials for CZ books
As a great admirer of CZ for his hold contribution to making alternative monies accessible to almost every one in the world dalio says in the memoir.
Last month,binance. US hired former currency. Com. CEO Stephen Gregory as its new chief executive with a eye to capturing more of the US.market where coin base is considered dominant.