Trump pardons founder of Binance, world’s largest crypto exchange

The Guardian•Thursday, October 23, 2025 at 9:48:01 PM

In a significant move, Donald Trump has pardoned Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, who was previously sentenced for failing to prevent money laundering. This pardon, announced by the White House, is seen as a pivotal moment in the ongoing debate over cryptocurrency regulation, especially as it comes amid claims of a 'war on crypto' by the Biden administration. This decision could signal a shift in the political landscape regarding cryptocurrency, potentially easing regulatory pressures and fostering a more favorable environment for digital currencies.

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