Tag: Pardon

CZ to Invest $4.3B DoJ Fine in the US if Refunded Post Pardon

Key Notes Changpeng Zhao says any refunded fine would be used for U.S.investments. Legal experts argue the fine applies to Binance, not CZ personally. CZ’s legal team has publicly rejected the rumors of a crypto payoff for the pardon. Binance co-founder Changpeng Zhao has suggested that if the US government ever returns any portion of the $4.3 billion settlement paid by his company, he would reinvest it back into the American economy. The comment comes after the executive saw a presidential pardon in October. Zhao acknowledged on X that asking…

CZ’s Attorney Refutes “Pay-To-Play” Pardon Claims

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The lawyer for Binance co-founder Changpeng “CZ” Zhao has denied that he somehow paid for a pardon from US President Donald Trump.  Appearing on Anthony Pompliano’s “Pomp Podcast” on Friday,  CZ’s personal attorney Teresa Goody Guillén described the criticism around CZ’s pardoning as a “pile up of a lot of false statements.” “The media continues to refer to World Liberty as Trump’s company, and I haven’t seen anything to show me that that’s true,” she said, adding:  “People are making these assumptions that just show a fundamental misunderstanding of how…

CZ Pushes Back on Pardon Allegations, Says He Doesn’t Personally Know Trump

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Binance co-founder CZ said he was somewhat surprised at receiving a pardon from United States President Donald Trump and denied having a business relationship with the Trump family during an interview on Friday. CZ told Fox News that he never physically met or spoke with Trump before or after receiving a presidential pardon in October, and only met with Trump’s son Eric once at the Bitcoin Middle East and North Africa conference in Abu Dhabi, United Arab Emirates. “There is no business relationship between me, Binance, and World Liberty Finance,”…

White House Defends Trump’s Pardon of Binance founder CZ

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The White House carefully considered Binance founder Changpeng Zhao’s pardon and went through the standard processes before sending it to President Donald Trump for his approval, says White House press secretary Karoline Leavitt. Trump defended the pardon in an interview with CBS News’ 60 Minutes on Sunday, saying he had “no idea” who Zhao is and dismissing criticism of his pardon as politically motivated.  Leavitt said in a briefing on Tuesday that Trump’s comments on Zhao in the interview were meant to convey that “he does not know him personally”…

Trump Denies Knowing CZ After Pardon

Key Notes President Trump admitted that he had learned that Changpeng Zhao was the victim of a “witch hunt” under the previous administration. Seven Democratic senators, led by Elizabeth Warren, sent a letter to the DOJ and Treasury questioning the pardon. The US President emphasized that his sons’ business ventures are separate from government affairs. In a major revelation, US President Donald Trump has distanced himself from knowing Binance founder Changpeng Zhao (CZ). His comments come within a week of the Trump administration granting CZ a pardon in the Binance…

Trump Grants Pardon to Binance Founder Changpeng Zhao

Key Notes White House labels CZ’s prosecution as part of Biden’s alleged war on cryptocurrency innovation. Reports reveal Trump family discussions with Binance about US division investment amid pardon campaign. Presidential pardon removes legal barriers but doesn’t automatically restore Zhao’s executive authority at Binance. President Donald Trump has issued a pardon to Changpeng Zhao (CZ), the founder of the cryptocurrency exchange Binance, the White House said on Thursday, October 23. The pardon follows Zhao’s 2023 conviction for failing to maintain an adequate anti-money-laundering system. Zhao had served a four-month sentence…

Binance Founder CZ Reportedly in Line for Trump Administration Pardon

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The Trump administration is reportedly “leaning toward a pardon” for Binance co-founder Changpeng “CZ” Zhao, who pleaded guilty to money laundering charges in 2024 and spent four months in prison. According to New York Post columnist and Fox correspondent Charles Gasparino, sources close to Zhao said that Trump insiders believe the case against CZ was “pretty weak, and certainly not something that merited a felony charge and jail time.” “Trump… is leaning toward a pardon (consider the source), which could set the stage for CZ’s return to the crypto exchange…

Traders Bet Big on Trump Pardon for Binance Founder CZ – $2,000 Next?

BNB briefly crossed $1,080 over the weekend before cooling near $1,004 as broader crypto markets pulled back. The rally was driven less by fundamentals and more by political speculation, i.e., traders are betting on the possibility that US President Donald Trump could pardon Binance founder Changpeng Zhao (CZ). Zhao’s Sentencing in 2023 Zhao stepped down as Binance CEO in 2023 and served a short prison term tied to the exchange’s $4.3 billion settlement with US regulators. He has since sought clemency, and betting markets recently valued his chances of a…

Arthur Hayes Joins Stem Cell Firm After Trump Pardon

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BitMEX co-founder and Bitcoin billionaire Arthur Hayes has taken a board seat and major stake in a stem cell firm following his March pardon from US President Donald Trump, which wiped clean his conviction for Bank Secrecy Act violations. Hayes, who built BitMEX into one of the largest derivatives platforms before it fell under regulatory fire, has been a regular patient at the stem cell firm’s clinics in Mexico and Bangkok for over a year, he told Bloomberg. “I want to live as long as possible, as healthy as possible,”…

Former Binance CEO’s Alleged Support For Trump Initiatives: A Strategy For Pardon?

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Changpeng Zhao (CZ), the co-founder of Binance and former CEO of the world’s largest cryptocurrency exchange, is reportedly aligning himself with President Donald Trump’s policy initiatives following his recent release from a four-month jail sentence.  This shift comes as Zhao seeks to navigate the complexities of his situation in the US in light of his legal challenges, including a formal application for a presidential pardon after serving time for violations related to anti-money laundering laws (AML). Will CZ’s Strategy Result? As reported by Crypto in America, Zhao’s foundation, Giggle Academy,…