23.10.2025 19:50
U.S. President Donald Trump pardoned Changpeng Zhao, the founder of the cryptocurrency exchange Binance, who was convicted of money laundering. The decision was reportedly made after Zhao's long-standing communications aimed at supporting the Trump family's cryptocurrency ventures.
US President Donald Trump pardoned Changpeng Zhao, the founder and former CEO of the cryptocurrency exchange Binance. The decision, which came into effect with Trump's signature, followed months of efforts by Zhao.
MONTHS OF LOBBYING EFFORTS PAID OFF According to a report by the Wall Street Journal, the pardon is backed by Zhao's long-term efforts to support the cryptocurrency company founded by the Trump family. The newspaper reported that these contacts have gained momentum in recent months and that "unfair prosecution" assessments regarding Zhao have emerged among Trump's circle.
Changpeng Zhao TRUMP REMAINED CLOSE TO "POLITICAL PERSECUTION" COMMENTS According to sources, Trump recently expressed sympathy for claims of "political persecution" in cases like Zhao's to his advisors. Following these assessments, Trump signed the presidential pardon decision for Changpeng Zhao.
ZHAO'S CONVICTION Zhao had been convicted in the US for violating 'money laundering' laws. Binance, considered one of the largest cryptocurrency exchanges in the world, had long been under the scrutiny of US authorities.