{"id":31881,"date":"2025-10-24T11:20:55","date_gmt":"2025-10-24T11:20:55","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=31881"},"modified":"2025-12-29T11:43:08","modified_gmt":"2025-12-29T11:43:08","slug":"the-us-is-changing-course-on-crypto-trump-pardons-binance-founder-cz","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/the-us-is-changing-course-on-crypto-trump-pardons-binance-founder-cz\/","title":{"rendered":"The US is changing course on crypto; Trump pardons Binance founder CZ"},"content":{"rendered":"\n

Donald Trump, who is adopting a much more lenient stance<\/strong> on the cryptocurrency world than Biden, announced that he has pardoned<\/strong> Binance<\/a><\/em><\/strong> founder Changpeng Zhao<\/strong> (CZ<\/strong>); this pardon decision signals a new era<\/strong>.<\/p>\n\n\n\n

Donald Trump’s return to the White House continues to reshape the US’s relationship with the cryptocurrency<\/a><\/em><\/strong> world. During Joe Biden’s tenure, the crypto world went through a period of strict regulation and pressure<\/strong>, with giant companies like Binance repeatedly confronting the Washington administration. Binance, which was accused in 2023 of violating anti-money laundering laws<\/strong>, was forced to exit the US market<\/strong>, and the company’s founder, Changpeng Zhao (CZ<\/strong>), received a prison sentence<\/strong>. This process, which became a symbol of the aggressive legal approach targeting crypto, took a very different turn this week. Trump, who prefers to gain dominance<\/strong> over the crypto world rather than oppose it, pardoned<\/strong> Binance founder Changpeng Zhao’s prison sentence.<\/p>\n\n\n\n

A statement from the White House argued that Zhao was a “victim of the Biden administration’s anti-crypto policies<\/strong>” and that the decision showed the “war on the crypto industry<\/strong> is over.”<\/p>\n\n\n\n

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In response, CZ<\/strong> thanked Trump in a post on X, calling the decision a “testament to America’s commitment to innovation<\/strong>.” Following the pardon, the biggest obstacle to Binance’s re-entry into the US<\/strong>, from which it was barred in 2023, has effectively been removed.<\/p>\n\n\n\n

Donald Trump is establishing dominance over the Crypto World<\/strong> The pardon of Changpeng Zhao is a reflection of the change taking place during the Trump era. Today, we are facing a very different picture than the period when CZ was sentenced to prison. While Trump is outwardly adopting a much more lenient attitude<\/strong> toward the crypto world, he is also gaining increasing control<\/strong> over this world behind the scenes. This point has been reached through a long-term lobbying<\/strong> process. After Zhao completed his four-month prison sentence in September 2024, Binance lobbied for months in Washington for a pardon and hired specialized lobbying teams<\/strong> for this purpose. Furthermore, the company established a strong political connection<\/strong> with the new administration by supporting the Trump family’s World Liberty Financial<\/strong> venture after Trump’s election. This collaboration has also rapidly increased the personal wealth<\/strong> of the Trump family through their crypto ventures.<\/p>\n\n\n\n

The compromise reached at the end of these lobbying efforts may enable both Binance’s return<\/strong> and more aggressive growth<\/strong> for other major exchanges in the US. Thus, the effect of this pardon<\/strong> is likely not to be limited to Binance.<\/p>\n\n\n\n

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