🚨 CZ THANKS PRESIDENT TRUMP FOR PARDON, PLEDGES TO MAKE US “CRYPTO CAPITAL” 🚨
Binance founder Changpeng "CZ" Zhao has received a full presidential pardon from President Donald Trump, a stunning move that overturns his 2024 conviction for violating U.S. anti-money laundering laws. In a public statement, Zhao expressed his gratitude and pledged to dedicate his efforts to advancing the digital asset industry in the United States.
🔑 Key Points:
🔹 Full Presidential Pardon: The White House announced the pardon on Thursday, with Press Secretary Karoline Leavitt stating the action was taken to reverse the "Biden Administration's war on cryptocurrency" and that Zhao was prosecuted "despite no allegations of fraud or identifiable victims."
🔹 CZ's Public Pledge: In a post on X (formerly Twitter), Zhao stated he was "Deeply grateful for today's pardon and to President Trump for upholding America's commitment to fairness, innovation, and justice."
🔹 "Capital of Crypto": Zhao's statement concluded with a new mission: "Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide."
🔹 Industry Reaction: The pardon, which follows a months-long lobbying effort by Zhao and comes amid reported financial partnerships between Binance and Trump family-related crypto ventures, was celebrated by many in the industry. Binance CEO Richard Teng called it "incredible news" and thanked the President for his "commitment to make the US the crypto capital of the world."
💡 Why It Matters:
🔹 Definitive Pro-Crypto Signal: The pardon is the most aggressive and symbolic move yet by the Trump administration to signal a complete reversal of the previous administration's enforcement-heavy approach, aiming to embrace and retain crypto industry leaders.
🔹 Market & Industry Impact: The news sent shockwaves through the crypto market. The return of CZ, one of the industry's most influential figures, from legal jeopardy is expected to boost innovation, investment, and market sentiment in the U.S.
🔹 Political Controversy: The move was immediately met with sharp criticism. Representative Maxine Waters called the pardon "appalling but unsurprising," alleging it was a "payoff" and an "example of pay-to-play corruption" linked to CZ's lobbying and financial ties.
This act of clemency effectively ends the legal saga for the Binance founder and signals a new, collaborative—and controversial—chapter between the U.S. government and the digital asset world.
https://www.hindustantimes.com/trending/us/changpeng-zhao-net-worth-binance-founder-deeply-grateful-for-trumps-pardon-101761247053925.html