Well, isn’t this a spicy little twist? President Trump, in his infinite wisdom or just for the heck of it, decided to hand out a pardon to Binance’s own Changpeng Zhao-yes, CZ himself. Because when you’re hot in the crypto game and just served four months for money laundering, a little presidential parade to say “you’re free” seems appropriate. 🎉🤷♂️
- Trump’s latest: free the crypto king, Changpeng Zhao. Because that’s totally normal.
- Who is CZ? The guy who founded Binance, the exchange that’s basically the Wall Street of crypto-without the regulation.
- He served four months in the big house in 2024, but don’t worry-he’s back, baby. And, apparently, more powerful than ever.
Apparently, Zhao was caught up in some money laundering drama-because what’s crypto without a little illicit fun?-and the U.S. decided a four-month stint was enough. He’s out, applause for everyone. CNBC spilled the beans, citing a White House statement that basically said, “Hey, we’re doing this because it’s fun, and also, the Biden folks are mildly annoyed.”
“President Trump exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency,” said White House Press Secretary Karoline Leavitt, presumably while sipping her latte.
Zhao Gives Up the CEO Crown
Before getting cozy with jail cells in April 2024, CZ quit his CEO gig at Binance in November 2023-probably tired of the subpoenas and the fun of being the biggest name in crypto mischief. He copped to a money laundering charge-because, apparently, crypto isn’t shady enough without a little legal drama. And as part of the deal, Binance paid a $4.3 billion settlement-just your average Tuesday.
Though CZ no longer officially runs Binance, he’s still a major stakeholder, so he’s kind of like the boss in the background, with a big grin and a lot of money. Because, why not?
Whispers and conspiracy theories have been swirling about Trump potentially pardoning other crypto celebs. Remember Ross Ulbricht, the Silk Road guy? Check. Arthur Hayes of BitMEX? Check. Now CZ? Check! And folks are eyeing Sam Bankman-Fried’s crew too-because nobody likes to miss a good crypto soap opera. 🍿🕵️♀️
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2025-10-23 20:01