Binance founder Changpeng Zhao (CZ), previously penalized by the U.S. Department of Justice following the FTX collapse, has received a pardon from former President Donald Trump. This unexpected move came after a period in prison and speculation surrounding CZ’s future in the cryptocurrency world. The news triggered a rapid recovery of BNB Coin, with its price surging to $1,140 shortly after Trump’s announcement. Recent events suggest this development was likely anticipated by market observers, as both Coinbase and Robinhood listed BNB on their platforms recently. White House Press Secretary Karoline Leavitt confirmed President Trump’s decision to pardon CZ, stating that it aligns with his stance against the Biden administration’s hostility towards cryptocurrencies.