U.S. Crypto Bill Faces Setbacks as Binance Founder’s Pardon Creates Regulatory Uncertainty

A controversial presidential pardon has cast doubt over the future of U.S. cryptocurrency legislation. President Trump’s decision to grant Binance founder Changpeng Zhao a pardon for money laundering has sparked bipartisan opposition and raised concerns about market stability and investor confidence. The pardon, which followed Zhao’s conviction, is impacting legislative progress, potentially affecting regulatory clarity in the volatile cryptocurrency sector.