Trump Pardons Binance Founder Zhao Amid Political Controversy

Binance co-founder Changpeng Zhao received a presidential pardon from Donald Trump, marking a significant moment in the crypto industry as the former president has shown support for crypto entrepreneurs. The pardon follows Zhao's guilty plea related to anti-money laundering violations and Binance's controversial activities, including transactions violating US sanctions. The move highlights the Trump administration's more lenient stance towards crypto enforcement and its ties to industry figures, with Zhao expressing gratitude and intent to promote crypto adoption in the US.