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Trump Pardons Ex-Binance CEO as Crypto Use Grows

Crypto News

President Donald Trump reportedly has pardoned Changpeng Zhao, founder/ex-CEO of cryptocurrency exchange Binance.

That’s according to a report Thursday (Oct. 23) by The Wall Street Journal (WSJ).

Trump signed the pardon on Wednesday (Oct. 22), sources familiar with the matter told WSJ. One source said the president had recently indicated to advisers that he was sympathetic to arguments of political persecution connected to Zhao and others.

White House Press Secretary Karoline Leavitt said that Trump had “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden administration in their war on cryptocurrency,” a war that Leavitt added “is over.”

The Biden administration’s…

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