Binance Founder CZ Receives Presidential Pardon, Sparking Optimism in Crypto Markets

Changpeng Zhao (CZ), founder of Binance, was unexpectedly granted a presidential pardon by President Donald Trump on October 21, 2025. This action resolves past legal issues concerning anti-money laundering charges. The move has ignited positive market sentiment and suggests a potential shift in U.S. crypto regulations. Binance’s future operations within the United States now hold greater promise. CZ himself expressed surprise at the pardon stating he’d never met President Trump, while Richard Teng, Binance’s current CEO, publicly thanked Trump for clearing the past legal issues and pledged to enhance compliance and accessibility in the U.S. market.