In a significant development for the cryptocurrency sector in the US, Binance founder Changpeng Zhao (CZ) was pardoned by President Donald Trump on October 23, 2025. This pardon potentially eases regulatory constraints facing Binance, impacting global crypto markets and attracting further investment. 2023’s conviction over Bank Secrecy Act violations has been officially overturned by this presidential action, a move that could usher in new regulations for the cryptocurrency market in the U.S. This news has sparked discussions on the future of US crypto policy. Zhao expressed his intention to contribute to US cryptocurrency and Web3 advancements. While CZ has welcomed the pardon, Senator Elizabeth Warren criticized Trump’s action, alleging it was a reward for Zhao’s ties to Trump-affiliated endeavors. The overall reaction remains divided within the crypto community. Binance’s BNB coin is experiencing increased trading volume as investors respond to this new regulatory landscape. A surge in trading activity has been observed with prices seeing a 5% increase within 24 hours, though it subsequently declined by 2.23% over seven days as of October 23, 2025. Coincu researchers believe this pardon could signify a shift towards more crypto-friendly policies under the current administration, potentially fostering innovation and expansion for major players in the cryptocurrency sector such as Binance.