'War on Crypto Is Over': Donald Trump Pardons Binance Founder CZ

After serving a federal prison sentence for violating anti-money-laundering laws and US sanctions, former crypto exchange CEO Changpeng Zhao has been pardoned by US president Donald Trump. US president Donald Trump has pardoned Changpeng Zhao, founder of the world's largest crypto exchange, Binance. Zhao, widely known as CZ, pled guilty in November 2023 to violating anti-money-laundering laws and US sanctions. The plea formed part of a sweeping deal with the US Department of Justice, under which Binance was required to pay a record-breaking $4.3 billion penalty. Zhao ultimately spent four months in federal prison.