News View Non-AMP

Will Donald Trump’s Pardon End Changpeng Zhao’s Legal Crisis with Binance?

Published by
Qadir AK

The cryptocurrency community is still in a frenzied state following the undisputed victory of pro-crypto US leaders led by President-elect Donald Trump. The Trump administration has promised a tone of goodies for the cryptocurrency industry due to the overwhelming support during last month’s election.

Already, institutional investors’ confidence in the cryptocurrency industry has significantly surged in the recent past. Furthermore, the overall crypto cash inflow, as observed by the US spot BTC and Ether ETFs, has increased the ongoing bullish outlook.

The Ex Parte Garland Playbook

As the United States undergoes a crucial transition to welcome the Trump administration, the difference with the Democrats has been exacerbated by today’s President Biden’s pardon for his son, Hunter Biden. Furthermore, President Biden pardoned Hunter not only for the gun and tax convictions but also for any crime he might have committed in the last decade.

As a result, Hunter is immune from any potential investigation by the Trump administration.

Consequently, the crypto community has been pushing the upcoming Trump administration to exercise its powers to pardon unfair treatment of Binance co-founder Changpeng Zhao (CZ).

According to CZ, he would welcome a Presidential pardon but does not wish to be a CEO again, which will also align with the plea agreement.

Notably, CZ agreed to resign as Binance CEO and to pay a $50 million fine as part of the guilty plea to US federal charges. Additionally, Binance agreed to pay $4.3 billion in fines for violating US laws.

Currently, President-elect Trump is preparing to pardon Ross Ulbricht, the founder of the Silk Road darknet marketplace who was sentenced to two life imprisonment without eligibility for parole.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Time to Buy Ethereum? Whales Buy 15,563 ETH Amid Price Crash

Despite the bearish market sentiment, crypto whales are showing strong interest in Ethereum (ETH). Data…

April 4, 2025

Navigate the Markets with Confidence: OnEquity’s Comprehensive Trader Glossary

March 2025 – In the dynamic world of trading, a solid understanding of key terms…

April 4, 2025

What Will the Price of Pi Network (PI) Be If It Matches Ripple’s (XRP) Market Cap?

Even after Pi Network's listings on significant exchanges, its price swings and ongoing essential developments…

April 4, 2025

Cardano (ADA) Stumbles with 8% Drop, but Ruvi AI’s (RUVI) Token Takes Center Stage for Crypto Investors with 100% Bonus

The cryptocurrency market has once again found itself under the spotlight, with Cardano (ADA) seeing…

April 4, 2025

Is Pi Coin Headed to Zero Amid Rug Pull Fears?

Pi Coin has dropped to an all-time low of $0.51, marking an 83% drop since…

April 4, 2025

Grayscale Submitted S-1 Form for Solana ETF, But Staking Is Off the Table

Grayscale, the leading cryptocurrency asset manager, has officially submitted an S-1 form to the U.S.…

April 4, 2025