Changpeng Zhao’s application for a presidential pardon from Donald Trump, fueled by shifting market odds, prompts further scrutiny from lawmakers over Binance’s connections to Trump’s family.
Changpeng 'CZ' Zhao, former CEO of Binance, is currently the leading candidate for a potential pardon from President Trump, with odds rising to 64% on Polymarket. Zhao’s removal of his 'ex-@binance' tag on social media has further fueled speculation. Despite stepping down in 2023 following his guilty plea for failing to maintain an anti-money laundering program, Zhao has confirmed he applied for a pardon. Lawmakers, including Senator Elizabeth Warren, have raised concerns about Binance’s financial connections to Trump’s family, particularly in light of a $2 billion deal with World Liberty Financial, a firm linked to the Trump family.