What to Know:
- 1️⃣ U.S. President Donald Trump’s full pardon of Binance founder Changpeng ‘CZ’ Zhao signals a major political shift toward pro-crypto policy in Washington.
- 2️⃣ The move could reopen the U.S. market for Binance and fuel renewed momentum for its native token, $BNB, which gained nearly 5% following the news.
- 3️⃣ Bitcoin Hyper ($HYPER) and Maxi Doge ($MAXI) stand out as potential beneficiaries amid rising optimism for Bitcoin Layer-2 scaling and meme-coin market growth.
- 4️⃣ The pardon reinforces the “crypto-friendly administration” narrative — a catalyst for renewed investor confidence and capital inflows into the broader digital-asset market.
On October 23, U.S. President Donald Trump issued a full pardon to Changpeng ‘CZ’ Zhao, founder of Binance, the world’s largest cryptocurrency exchange.
It’s another pro-crypto decision from an administration set on positioning the US at the forefront of the global crypto economy.
For context, CZ had pleaded guilty in late 2023 to failing to maintain an adequate anti-money-laundering program at Binance and served a four-month federal prison sentence.
Binance also settled major regulatory action by paying approximately $4.3B in penalties.
WIth CZ and top crypto exchange Binance now back on good terms with the US legal system, which cryptocurrencies are poised to benefit? We explain below the potential of $HYPER,
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Author: Ben Wallis
