Washington — President Trump has pardoned a billionaire cryptocurrency exchange founder who pleaded guilty to a money laundering-related charge , claiming the man was a victim of political prosecution by the Biden administration.

Changpeng Zhao, a Chinese-born Canadian founder of the cryptocurrency exchange Binance, pleaded guilty in November 2023 to charges of enabling money laundering while serving as CEO of the exchange. The plea was part of a multi-billion-dollar settlement Binance reached with the Biden-era Justice Department in 2023, and Zhao stepped down from his role as CEO.

He served four months in prison after his April 2024 sentencing, and his company was barred from operating in the U.S.

"President Trump exercised his constitutional authority by issuing a pardon for Mr

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