Trump Pardons Binance Founder Changpeng Zhao Amid GOP Criticism

1 min read
Source: BBC
Trump Pardons Binance Founder Changpeng Zhao Amid GOP Criticism
Photo: BBC
TL;DR

US President Donald Trump pardoned Binance founder Changpeng Zhao, who had been sentenced to prison for violating US money laundering laws. The pardon, which also involved Binance paying a hefty fine, has sparked debate over the US government's stance on cryptocurrency and the Trump administration's approach to the industry. Zhao expressed gratitude for the pardon, which lifts restrictions on his financial activities, though his future dealings with US regulators remain uncertain.

Share this article

Want the full story? Read the original reporting

Read on BBC