White House reportedly mulling pardon for Binance founder CZ

Binance co-founder Changpeng Zhao said that being considered for a presidential pardon from Trump would be “great news if true.”

The Trump administration is reportedly “leaning toward a pardon” for Binance co-founder Changpeng “CZ” Zhao, who pleaded guilty to money laundering charges in 2024 and spent four months in prison.

According to New York Post columnist and Fox correspondent Charles Gasparino, sources close to Zhao said that Trump insiders believe the case against CZ was “pretty weak, and certainly not something that merited a felony charge and jail time.”

“Trump… is leaning toward a pardon (consider the source), which could set the stage for CZ’s return to the crypto exchange since he remains Binance’s largest shareholder,” he said, citing people close to Zhao.

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