Trump Pardons Binance Founder Changpeng Zhao: Implications for US Cryptocurrency Regulation and Industry

Oct 24, 2025 02:45 am CST

President Donald Trump has pardoned Binance founder Changpeng Zhao, who served prison time for Bank Secrecy Act violations. The pardon highlights shifting US cryptocurrency regulatory policies, as Trump's administration takes a more industry-friendly approach compared to Biden's enforcement-focused stance. Zhao, who founded the world's largest cryptocurrency exchange in 2017, has connections to Trump family crypto ventures, including World Liberty Financial, raising questions about the future of cryptocurrency regulation and enforcement in the United States.