Will Trump extend presidential pardon to Binance’s CZ? 2 strong reasons it might happen
Author: Content Editor
The pro-crypto stance of US President Donald Trump has sparked optimism for Binance, with calls for a pardon for Binance founder Changpeng Zhao. Charles Hoskinson and John Lilic are backing a plea urging Trump to pardon Zhao, describing him as a victim of "lawfare." In the past, it was alleged that the founder of FTX, Sam Bankman-Fried, would incriminate Zhao to receive a presidential pardon. While Zhao received a prison sentence in 2023 and stepped down as CEO of Binance, commentators argue that he has been unfairly targeted. With Trump's support for the crypto industry and his promise of better regulations, a pardon for Zhao would align with his pro-crypto rhetoric. The market has already made a connection between Zhao and Trump, as his net worth surged after the US elections. Overall, the potential pardon remains speculative at this time.