Trump Reportedly Considered Pardoning Former Binance CEO CZ
As discussions heat up within the White House, sources suggest that Trump may be inclined to pardon Binance's founder, Changpeng Zhao, despite concerns over public perception.
TRUMP
Fact Check
Multiple credible media outlets, including Yahoo Finance, The Wall Street Journal, and The New Republic, have reported that the Trump administration was considering a pardon for Changpeng Zhao. Yahoo Finance states the administration 'appears to be considering' it, and reports from the WSJ link the pardon push to business deal talks between the Trump family and Binance. While Zhao himself has issued conflicting statements, the volume of reporting from credible sources confirms that the possibility of a pardon was being reported and discussed.
Summary
U.S. White House discussions are reportedly intensifying on the potential pardon of Binance founder Changpeng Zhao, with sources close to former President Trump suggesting he may favor the move. This follows internal debates, with some arguing the fraud case against Zhao lacks sufficient merit. While some close to Trump support the pardon, others worry about the public perception of such a decision given Trump's own crypto interests. If granted, the pardon could allow Zhao to return to his role at Binance, where he remains the largest shareholder.
Terms & Concepts
- Pardon: A legal act by which a government authority forgives a person for an offense, removing penalties and legal consequences.
- Binance: A global cryptocurrency exchange platform that offers trading of various digital assets, founded by Changpeng Zhao (CZ).