#MemecoinSentiment Changpeng “CZ” Zhao, the former CEO of Binance, pleaded guilty to one felony count as part of a settlement with US authorities in 2023. Although he had already served four months in prison, he said in May that he was seeking a presidential pardon from Trump.
Such a pardon could potentially allow Zhao to return to a managerial or operational role at a US crypto business. At the time of publication, he had not publicly commented on the report.
Congress, Trump looking to sign off on stablecoin bill
Trump’s crypto ventures have been under scrutiny from many US lawmakers since before he took office — the president made several campaign promises suggesting that he would tailor policies for the crypto industry.
Among his financial entanglements were World Liberty Financial and its stablecoin, the launch of his memecoin Official Trump
$9.81
and contributions from crypto executives who supported his campaign.$MEME