Donald Trump Grants Pardon to Changpeng Zhao (CZ): Reports

According to multiple reports, the US President, Donald Trump, has granted a pardon to Binance founder and former CEO, Changpeng ￰0￱ reports : 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.” 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 ￰1￱ is yet to comment on the matter, just like CZ himself. Expectedly, the exchange’s native token reacted with an immediate price ￰2￱ 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 ￰3￱ 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 ￰4￱ was released from custody in September last year, but was still prohibited from resuming his leadership position at the exchange, at least officially.