US President Trump Officially Pardons Binance Founder CZ🔥
US President Donald Trump has officially pardoned Changpeng Zhao (CZ), the founder of Binance, one of the world’s biggest cryptocurrency exchanges. Reports say Trump signed the pardon on Wednesday after hearing arguments that Zhao faced unfair political pressure under the previous Biden administration. The White House confirmed that Trump used his constitutional powers to forgive CZ, ending what they called the “Biden Administration’s war on crypto.” Zhao was previously sentenced to four months in prison in 2023 after Binance admitted to money laundering violations and paid a $4 billion fine. His pardon could also mean that the U.S. government will stop monitoring Binance, which had been under investigation since 2023. After the news, Binance’s own coin, BNB, jumped by 5%, reaching its highest level ever. Zhao has not yet commented, but his net worth has reportedly increased to $87 billion after the market’s reaction. what you think about this? don't forget to comment 💭 Follow for more content 🙂
In just 3 minutes, President Donald Trump's surprise tweet about a significant increase in tariffs on Chinese goods sparked a massive sell-off, wiping out $700 billion in market value from the S&P 500 💸. The rapid market reaction saw crypto, stocks and metals plummet, highlighting the far-reaching impact of Trump's trade policies 📊.
*Current Tariff Rates:
30% tariff on Chinese imports, including: Section 301 Tariffs: 25% on various Chinese goods Fentanyl Tariffs: 20% on Chinese goods Liberation Day Tariffs: 10% on Chinese goods (recently reduced from 34%).... $WLFI $ZEN #TrumpTariffs #Usshutdown #SquareMentionsHeatwave {spot}(ZENUSDT)