According to multiple reports, the US President, Donald Trump, has granted a pardon to Binance founder and former CEO, Changpeng Zhao.<\/p>\n
Reuters reports<\/a>:<\/p>\n In a statement, White House press secretary Karoline Leavitt said Trump had \u201cexercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.\u201d<\/p>\n Recall that CZ stepped down as CEO of Binance following a $4.3 billion settlement between the exchange and the US government, which marked the end of a years-long probe into alleged misconduct on behalf of Binance.<\/p>\n Binance is yet to comment on the matter, just like CZ himself.<\/p>\n Expectedly, the exchange\u2019s native token reacted with an immediate price uptick. BNB traded at $1,075 ahead of the reports going live and surged by 7.5% immediately to over $1,150 before it calmed at around $1,130 as of press time.<\/p>\n Aside from having to abdicate his CEO position at Binance, CZ also agreed to pay a $50 million fine and spend four months in a US prison. He was released<\/a> from custody in September last year, but was still prohibited from resuming his leadership position at the exchange, at least officially.<\/p>\n The post Donald Trump Grants Pardon to Changpeng Zhao (CZ): Reports<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" According to multiple reports, the US President, Donald Trump, has granted a pardon to Binance founder and former CEO, Changpeng Zhao. Reuters reports: In a statement, White House press secretary Karoline Leavitt said Trump had \u201cexercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their […]<\/p>\n","protected":false},"author":0,"featured_media":107199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-107198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107198"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107198"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/107199"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}