Binance founder Changpeng Zhao confirmed in an Oct. 23 post on X that he has received a pardon from US President Donald Trump.
He said:
“Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice. Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide.”
Cardano founder Charles Hoskinson congratulated Zhao on the milestone, saying the US President has corrected a grave injustice from the previous administration’s war against crypto.
Hoskinson wrote:
“The weaponization of the justice department against our industry and its entrepreneurs should have never happened. It was and still is a deep wound that will take a long time to heal.”
According to CryptoSlate’s data, the news helped boost BNB’s price by 5.38% to $1,132 as of press time. The digital asset is 17% below its all-time high of $1,370.
Meanwhile, this news followed nearly a year of quiet lobbying from Zhao’s legal team.
In May, he acknowledged that his attorneys had petitioned the US government for clemency. Traditional outlets later speculated that the effort might involve private financial links between Trump-affiliated entities and Binance or a cooperation deal targeting other crypto executives, such as Tron founder Justin Sun.
Zhao publicly rejected those claims,<
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Author: Oluwapelumi Adejumo
