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Is that the sign on the White House?
ReutersBy Gram Slattery and Chris PrenticeOctober 23, 2025Summary
- Offers full and unconditional pardon to Zhao
- Binance founder served time in prison last year
- Latest in series of pardons for convicted crypto executives
U.S. President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the Binance cryptocurrency exchange, the White House said Thursday, in the latest move by Trump to boost the crypto industry and expunge its past misdeeds.Zhao, a billionaire known as "CZ" who is one of the most influential figures in crypto, quit in 2023 as Binance chief after the company pleaded guilty to failing to maintain an effective anti-money laundering program and paid a penalty of $4.3 billion.[...]Since he returned to office, Trump's family has reaped millions of dollars from a variety of crypto ventures - moves criticized by political rivals and ethics experts citing the potential for conflicts of interest. The White House has denied those claims and on Thursday Leavitt said it carefully examined all pardons.
You hear the sound of cash registers makes: “cha-ching!"
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