U.S. President Donald Trump has completely pardoned Changpeng Zhao (CZ) – the founder of Binance, marking a strong move to promote the cryptocurrency industry.
CZ was previously fined and served 4 months in prison for violating anti-money laundering regulations, but can now return to the market. He expressed his "deep gratitude" and promised to help make the U.S. the crypto capital.
This move follows a series of notable pardons by Trump for many blockchain entrepreneurs, amid criticism of the White House for conflicts of interest as the Trump family is involved in cryptocurrency projects.
This article is for informational purposes only and is not investment advice. If CZ later becomes the Secretary of the Treasury, then… don't be surprised 😅