Trump & Crypto — Today’s Key Update

A major story broke today:

Donald Trump officially issued a pardon to Changpeng Zhao (CZ), the founder of Binance.

This is now creating serious debate across U.S. media and crypto circles.

What’s happening right now:

U.S. outlets like CBS and 60 Minutes are questioning whether Trump’s use of the pardon power is “politically motivated” because CZ is one of the biggest figures in global crypto.

At the same time, a mining company backed by Trump’s sons — American Bitcoin — reported strong profits this quarter, which some analysts are linking to expected pro-crypto policies under Trump.

Despite all this, crypto markets are shaky today.

Bitcoin erased its yearly gains again as investors reacted to tariff news and general risk-off sentiment.

Why it matters for crypto:

Trump’s actions send a clear signal that

his administration is leaning aggressively pro-crypto,

but regulators, journalists, and political opponents are watching closely.

This mix of support + controversy could shape U.S. crypto policy for the next few years.

My quick take:

The pardon helps the narrative that the U.S. might try to position itself as a crypto-friendly hub again — but the market still cares more about macro conditions than political headlines.