Binance Founder Changpeng Zhao Seeks Presidential Pardon Amidst Business Dealings
berbagiberkat.com – Changpeng Zhao, widely known as CZ, the founder of cryptocurrency exchange Binance, is reportedly seeking a pardon from the Trump administration following his 2023 conviction for violating U.S. anti-money laundering regulations. In 2023, Zhao resigned as CEO and agreed to a $4.3 billion settlement with the U.S. government.
Concurrently, representatives of President Donald Trump’s family have engaged in discussions about acquiring a financial stake in Binance’s U.S. operations. These negotiations are believed to be linked to Zhao’s appeal for a pardon, suggesting a potential quid pro quo arrangement to facilitate Binance’s return to the U.S. market.
Zhao has expressed openness to receiving a presidential pardon but has clarified that he does not wish to resume his former role as Binance’s CEO. A recent report indicates that discussions between Trump’s family and Binance’s representatives are ongoing, with no official comments from either party.
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These developments occur in the context of President Trump’s recent executive order to create a strategic reserve of cryptocurrencies, highlighting the administration’s engagement with the crypto sector and raising potential conflict-of-interest concerns.
