Trump Pardons Binance Founder, BNB Soars 5% – Market Sees Shift in US Crypto Policy

Binance founder Changpeng Zhao has been granted a pardon by former President Donald Trump, ending years of legal uncertainty for the crypto giant. This move comes after months of high-level engagement between Zhao and Trump’s associates. It signals a potential shift in U.S. policy towards crypto innovation and industry participation. The pardon is expected to pave the way for Binance’s return to the US market after years of compliance hurdles following its 2023 guilty plea for anti-money laundering violations. Zhao’s political strategy included hiring political strategists to rebuild his image in Washington. This decision has sparked a rally in Binance’s native token, BNB, with an immediate surge of 5.18%, reaching $1,148.8 within 24 hours. This strong market rebound suggests increased investor confidence in the company’s regulatory recovery and operational outlook. Industry analysts believe this could strengthen Binance’s position globally, given its potential to participate more prominently in US institutional crypto investments.