US President Donald Trump has pardoned Binance founder Changpeng Zhao , the billionaire who built the world’s largest cryptocurrency exchange and later served prison time for compliance failures linked to money laundering and illicit activity.

The decision ends a months-long push by Zhao, known widely in the crypto world as “CZ”, to clear his record. The Binance founder has long been seen as one of the most influential figures in the digital asset space and a key supporter of the Trump family’s crypto ventures.

“Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice,” Zhao wrote on social media on Thursday.

THE CASE AGAINST ZHAO

Zhao served a four-month sentence for violating the Bank Secrecy Act, becoming the

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