Is a Presidential Pardon in the Works for Binance Founder CZ?
The post Is a Presidential Pardon in the Works for Binance Founder CZ? appeared on BitcoinEthereumNews.com.
In brief Fox Business’s Charles Gasparino reported internal White House talks about pardoning Changpeng “CZ” Zhao. Binance founder CZ, who resigned as CEO in 2023 and served prison time, remains its largest shareholder. A pardon could reopen U.S. markets to Binance and signal an even friendlier crypto policy under Trump. Is the Trump administration seriously weighing a pardon for Binance’s Changpeng “CZ” Zhao ? Crypto Twitter is all aflutter after Fox Business reporter Charles Gasparino tweeted a “scoop” claiming White House insiders say discussions are heating up and Trump “is leaning toward a pardon.” Gasparino is a veteran financial and political journalist—often a fixture in Wall Street/White House circles. SCOOP: People close to @cz_binance, the former @binance chief who spent some time in the can amid the Biden Admin’s crackdown on all things crypto, say discussions inside the White House are heating up on the possibility of a pardon from @realDonaldTrump. Many Trump insiders… — Charles Gasparino (@CGasparino) October 10, 2025 Gasparino’s tweet lands atop a complex backdrop: In May, CZ confirmed that his legal team formally applied for clemency. In earlier reports, the Trump family was said to have explored investment deals involving Binance’s U.S. arm, linking business incentives to political favors. Zhao denied that speculation. CZ and Binance have previously denied that a pardon has been granted. Media reports of a pardon allegedly issued were retracted, and Binance’s cofounder Yi He dismissed the rumors. DOJ records show no official clemency in his name. Still, the path from rumor to pardon isn’t closed. If a clemency is issued, then it could ease regulatory constraints on Zhao’s future involvement in crypto, rewire power dynamics at Binance, and reintroduce political entanglements in U.S. crypto regulation. And Zhao did not deny Gasparino’s report—in fact, he welcomed the outcome. “Thank you, Charles.…
Filed under: News - @ October 12, 2025 11:21 am