Trump Pardons Binance Founder: Potential for Resurgence of Cryptocurrency Giant

US President Donald Trump pardoned Binance founder Changpeng Zhao on October 22nd, clearing his criminal record. This pardon followed months of cooperation between the crypto exchange and the Trump family’s digital asset business, according to individuals familiar with the matter reported by the Wall Street Journal. The White House confirmed the pardon in a statement issued on October 22nd. President Trump exercised his constitutional authority to pardon Zhao, who was prosecuted under the previous administration’s cryptocurrency crackdown.