Photo: nbcnews.com
Trump Grants Pardon to Binance Founder Changpeng Zhao After Prison Sentence
President Donald Trump granted a pardon to Changpeng Zhao, founder of Binance, following his four-month prison sentence for money laundering, highlighting tensions over cryptocurrency regulation.
- President Donald Trump signed a pardon for Changpeng Zhao on Wednesday, who served a four-month prison sentence that concluded in September 2024.
- White House Press Secretary Karoline Leavitt stated the pardon was a response to the Biden Administrations crackdown on cryptocurrency, framing it as a war against the industry.
- Changpeng Zhao was convicted on charges related to money laundering, raising concerns about regulatory enforcement and the future of Binance in the crypto market.
Por Qué Es Relevante
This pardon underscores ongoing political divides regarding cryptocurrency regulation in the U.S., signaling potential shifts in policy that could affect the future of Binance and the broader crypto landscape.