Altcoins News

Story: White House Reportedly Considering Pardon for Binance Founder CZ

By Julie Binoche

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Trump Administration Weighs Pardon for CZ. Gasparino reported that sources within Trump’s circle view the case against Zhao as relatively…

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CZ Responds to Speculation. Changpeng Zhao responded to Gasparino’s post on social media platform X, neither confirming nor…

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Background on the Binance Case. Zhao’s plea deal in November 2023 marked one of the largest settlements in U.S. regulatory history.

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Potential Obstacles to a Pardon. While the pardon consideration signals potential political support, Gasparino cautioned that…

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Industry Reaction and the FTX Connection. According to journalist Eleanor Terrett, co-host of the Crypto In America podcast, some crypto…

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What a Pardon Could Mean for the Crypto Sector. If the White House proceeds with a pardon, it could mark a pivotal shift in the U.S.

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The White House is reportedly reviewing the possibility of granting a presidential pardon to Binance co-founder Changpeng “CZ” Zhao, a move that could reshape the narrative…

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According to reports from New York Post columnist and Fox Business correspondent Charles Gasparino, insiders close to Zhao claim that the Trump administration is “leaning toward…

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Gasparino reported that sources within Trump’s circle view the case against Zhao as relatively weak, arguing that the charges did not warrant a felony conviction or jail time.

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“Trump is leaning toward a pardon, which could pave the way for CZ’s return to Binance since he remains its largest shareholder,” Gasparino wrote, citing people familiar with the…

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If granted, the pardon would align with Trump’s broader pro-crypto stance. His administration has been seen as more supportive of digital assets, reportedly easing enforcement…

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Changpeng Zhao responded to Gasparino’s post on social media platform X, neither confirming nor denying knowledge of any potential pardon.

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“Thank you, Charles. Great news if true,” Zhao wrote. “Minor correction, there were no fraud charges. I pleaded to a single violation of the Banking Secrecy Act.

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In May, Zhao confirmed during an appearance on the Farokh Radio podcast that he had officially submitted a pardon application after reports surfaced suggesting he was seeking one.

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Neither Binance nor the White House provided official comments regarding the situation.

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