According to multiple reports, the US President – Donald Trump – has granted a pardon to Binance founder and former CEO – Changpeng Zhao.
Reuters reports that in a statement, White House press secretary Karoline Leavitt said Trump had “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.”
Background on Changpeng Zhao's Legal Situation
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.
Current Status
Binance is yet to comment on the matter, same as CZ himself.