President Donald Trump has been working on binance Founder Changpeng “CZ” ZHAOlike the first time Reported by CNBCSee rank-.
Zhao previously pleaded guilty to money laundering, while operating a Cryptocurrency exchange, and served four months last year.
“President Trump exercised his constitutional authority by issuing a pardon to Mr. Zhao, who was accused by the administration of dealing in Cryptocurrency,” House Press Secretary Karoline Leavitt said in a statement.
Trump’s pardon came two months later The Wall Street Journal It is reported that the family’s own work has benefited from the partnership with the under-the-radar trading platform operated by binance. Crypto Ventures have raised around $4.5 billion since the 2024 election.
After pleading guilty to the Doj in 2023, Zhao agreed to step down as ceo of binance, pay $50 million, and agree to no longer be an executive of binance. Following the allegations, Beans was forced to pay $4.3 billion in debt to the US government, one of the largest corporate fines in US history.