Former President Donald Trump has issued a pardon to Changpeng Zhao, the founder of cryptocurrency exchange Binance, who was previously convicted on multiple charges. This controversial decision has raised questions about the implications for the cryptocurrency industry and regulatory oversight.

President Trump has pardoned Binance founder Changpeng Zhao, who had pleaded guilty to money laundering while leading the cryptocurrency exchange. The pardon follows allegations of political motivations tied to Trump's own crypto ventures and has drawn criticism from figures like Senator Elizabeth Warren, who accused Trump of corruption in the decision-making process. Zhao expressed gratitude for the pardon, emphasizing a commitment to advancing the cryptocurrency industry in the U.S.

A golden statue of Binance founder Changpeng Zhao has surfaced in Washington D.C., leading to discussions about its connection to former President Donald Trump, who is rumored to be considering a pardon for Zhao. The statue has sparked both admiration and criticism, reflecting the polarized views surrounding cryptocurrency and Zhao's influence in the industry.

A crypto trader who profited $190 million by shorting the market before a tariff announcement is now believed to have made another $56,522 by betting on President Trump's pardon of Binance founder Changpeng Zhao. While some speculate insider knowledge due to the timing of the trades, others argue that the pardon was widely anticipated in the crypto community.

Former President Donald Trump has granted a pardon to the convicted founder of Binance, a major cryptocurrency exchange. This decision has sparked discussions regarding its implications for the cryptocurrency sector and regulatory landscape.

President Donald Trump granted clemency to Changpeng Zhao, the former CEO of Binance, who had pleaded guilty to violating U.S. anti-money laundering laws. Zhao's pardon comes after he served four months in prison and highlights Binance's connections to the Trump family's financial ventures, particularly through their crypto platform, World Liberty Financial.