This could be the most dramatic moment in the crypto world this year—just now, Trump confirmed the pardon for CZ and revealed shocking insider information: "What he did isn’t even considered a crime!"
The truth behind the pardon
At the press conference on Thursday, Trump publicly responded to the pardon decision for the first time:
"I don’t know him, and I’ve never met him, but I’ve received recommendations from many people. Everyone says he hasn’t committed any crime; he is being persecuted by the Biden administration."
These remarks directly overturned the previous judicial characterization, instantly turning a highly publicized criminal case into a spectacle of "political persecution."
Case review: What really happened?
Previously, CZ pleaded guilty for failing to establish effective anti-money laundering procedures at Binance and was ultimately sentenced to 4 months in prison. But the key point is:
No fraud charges
No victims
No money laundering charges
CZ previously had no criminal record
His defense lawyer bluntly stated: 'CZ is the only person in American history to be sentenced for this single, non-fraud charge.'
The judge has also spoken on his behalf
What is even more intriguing is that the judge handling this case has clearly stated:
There is no evidence showing that CZ was aware of any illegal transactions
The judge believes CZ genuinely thought there were no illegal funds on the platform
This is quite delicate—if the judge thinks so, why still impose a sentence?
Is CZ about to return as a king?
After the pardon was signed, CZ immediately spoke out on the X platform:
"I am very grateful! I will do my best to help the U.S. become the capital of cryptocurrency and promote global Web3 development."
More importantly, the previous plea agreement prohibited CZ from working at Binance, and this pardon is likely to clear the obstacles for his return to Binance.
My observations
Political games are evident: Trump is creating the persona of a 'cryptocurrency defender'
Industry trends are shifting: Regulatory attitudes are moving from repression to acceptance
CZ is set to make a strong return: Binance may迎来新一轮发展
Thoughts left for the market
This pardon not only concerns individual destiny but also sends an important signal:
America's attitude toward cryptocurrency is changing
Political forces are beginning to intervene in industry governance
Compliance remains the bottom line for survival
Interactive discussion
What do you think Trump's true motive for pardoning CZ is?
What impact will CZ's return to Binance have on the market?
The comments section looks forward to your insights!
This article represents only personal views and does not constitute any investment advice. The market has risks, and decisions should be made cautiously.
