Trump Pardons Binance Founder CZ, Reversing Key Biden-Era Crypto Prosecution

President Donald Trump has pardoned Changpeng “CZ” Zhao, the billionaire founder of crypto exchange Binance.

The surprise move overturns the results of a Justice Department case brought under the Biden administration and removes the lifetime ban that prevented Zhao from running his company.

In response, Zhao pledged on X to work toward making America a global hub for digital assets, marking a dramatic reversal of fortune for one of crypto’s most prominent figures.