Changpeng Zhao, the founder of Binance, has officially submitted a pardon application to the U.S. President. This marks the first time a major figure in the cryptocurrency industry has publicly requested such an action. While the impact on Binance’s operations is currently limited, CZ’s legal team has filed the application following recent reports from prominent media outlets like Bloomberg and The Wall Street Journal. Zhao had previously denied claims of pardon negotiations with the Trump family. His decision to formally apply for a presidential pardon may raise questions regarding regulatory compliance within the cryptocurrency industry, although immediate market reactions remain muted.