Trump's Pardon of Binance's Founder Raises Questions
Changpeng 'CZ' Zhao, co-founder of Binance Holdings Ltd., has been granted a pardon by President Donald Trump, following a years-long federal crackdown on crypto.
Zhao, worth an estimated $85 billion, pled guilty to violating anti-money laundering laws in 2023 and served four months in prison.
- Founded cryptocurrency exchange Binance in 2017
- Binance is the world's biggest crypto exchange in terms of daily trading volume
- Allows customers to buy, sell, and hold cryptocurrencies on its platform
Zhao discussed the future of digital assets at an event in Kuala Lumpur, Malaysia.
Author's summary: Trump pardons Binance founder Changpeng Zhao.