Key Notes

White House labels CZ's prosecution as part of Biden's alleged war on cryptocurrency innovation.

Reports reveal Trump family discussions with Binance about US division investment amid pardon campaign.

Presidential pardon removes legal barriers but doesn't automatically restore Zhao's executive authority at Binance.

President Donald Trump has issued a pardon to Changpeng Zhao (CZ) , the founder of the cryptocurrency exchange Binance , the White House said on Thursday, October 23.

The pardon follows Zhao’s 2023 conviction for failing to maintain an adequate anti-money-laundering system. Zhao had served a four-month sentence and stepped down as CEO in 2024.

White House Frames Pardon as End to Crypto Crackdown

White House Press Secretary Karoline Leavitt described Zhao’s

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