Analysis of the Potential Impact of Trump's Pardon on Binance:

1. Management Stability

CZ's pardon hopes to allow a return to management,

boosting market confidence and team cohesion.

It has a positive impact on internal morale and strategic execution.

2. Warming Political Relations and Increased Policy Negotiation Space

If close ties are maintained with Trump's camp,

it may gain more "negotiation space" in the regulatory environment.

Binance's U.S. business (Binance.US)

may receive new development opportunities.

3. Brand Reputation Sees a "Recovery Window"

CZ's image shifts from "incarcerated entrepreneur" to "pardoned

industry pioneer", which is beneficial for rebranding.

It helps restore part of the public image damaged by compliance issues.

4. Triggering Industry Ripple Effects

Trump's pardon of CZ may be seen as a "goodwill signal"

for the crypto industry, benefiting the entire crypto market.

Other companies or projects may also seize the opportunity to seek

policy easing or support.

Finally, do you think CZ will return to #Binance?