Trump's Pardon of Binance's Founder Raises Questions
Changpeng 'CZ' Zhao, co-founder of Binance Holdings Ltd., has been granted a pardon by President Donald Trump, following a guilty plea for violating anti-money laundering laws in 2023.
Zhao, worth an estimated $85 billion, is the richest man in crypto and founded cryptocurrency exchange Binance in 2017.
- Binance is the world's biggest crypto exchange in terms of daily trading volume.
- The exchange allows customers to buy, sell, and hold cryptocurrencies on its platform.
Trump's pardon marks a dramatic reversal of a yearslong federal crackdown on crypto.
Author's summary: Trump pardons Binance founder Changpeng Zhao.
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