Trump Administration Defends CZ Pardon, Framing it as a Pro-Crypto Policy Shift

The Trump administration’s decision to pardon Binance Co-Founder Changpeng Zhao (CZ) has ignited a political firestorm. While the White House maintains this action represents a pro-crypto policy shift and an end to former President Biden’s perceived ‘war on cryptocurrency’, critics have accused the move of undermining efforts to strengthen crypto oversight. The president, who denied having knowledge of CZ prior to his pardon, has positioned the decision as a crucial step towards a more favorable regulatory environment for the industry. )