Trump pardons Binance crypto founder Changpeng Zhao

France 24•Friday, October 24, 2025 at 1:27:18 AM

In a surprising move, former President Donald Trump has pardoned Changpeng Zhao, the co-founder of Binance, who faced legal troubles for violating anti-money-laundering laws. This decision comes after Zhao served four months in prison following a guilty plea in 2023. The White House's press secretary criticized current President Joe Biden for his perceived hostility towards the crypto industry, highlighting the ongoing tensions in the regulatory landscape. This pardon could signal a shift in the political climate surrounding cryptocurrency, potentially benefiting the industry and its advocates.

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