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

Uniswap (UNI) Price Forecast: Dead Cat Bounce or Momentum Shift Ahead?

UNI price has largely followed Ethereum price action in the ongoing wider crypto recovery. The…

April 26, 2025

Sui’s Skyrocketing Trend Now Eyes $5 Breakout: What’s Next for SUI Price?

Sui’s token price has been on a strong rally over the past few days. While…

April 26, 2025

SEC’s Atkins Signals Change in Crypto Policies, Says Agency Can Act Alone

At his first public event as SEC chairman, Paul Atkins made it clear he’s backing…

April 26, 2025

Dogecoin Price Prediction 2025: Will DOGE Reach $1 This Summer?

The markets are experiencing a significant shift in momentum, with the bulls gaining the upper…

April 26, 2025

Choosing Between Ripple (XRP) and Cardano (ADA)? ChatGPT’s 2025 Prediction Could Change Everything

Investors often face a tough choice between Ripple's XRP and Cardano's ADA as potential winners…

April 25, 2025

Solana Price Analysis: Key Insights and Updates

Bullish momentum has been building up for Solana, amid a highly anticipated altseason before the…

April 25, 2025