U.S. President Donald Trump has made a historic decision that has sent shockwaves through the global crypto community. Changpeng Zhao (CZ), the founder and former CEO of Binance, has been officially granted a presidential pardon by Trump. This development is seen as a turning point not only for Binance but also for the future of U.S. crypto policy.
Trump Sends a Historic Message to the Crypto Industry
According to sources close to the matter, the pardon was signed at the White House in the evening. Following the announcement, the crypto markets reacted immediately, with Bitcoin and Ethereum prices rising between 3% and 5%. Analysts interpret this surge as a “pro-crypto” signal from the Trump administration.
Changpeng Zhao had been convicted during the Biden administration following investigations by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) for violating financial regulations. However, Trump’s advisors argued that Zhao and similar figures were “targeted for political reasons”, claiming these prosecutions reflected bias within the justice system.
Official Statement from the White House: “The War on Crypto Is Over”
White House Press Secretary Karoline Leavitt confirmed that President Trump used his constitutional authority to pardon Zhao.
“President Trump signed this pardon in defense of free market principles. The Biden administration’s war on crypto is over.”
Leavitt’s remarks are widely seen as a signal of softening crypto policy in Washington. Sources close to Trump’s campaign have indicated that new, pro-innovation regulations may soon be introduced to support blockchain and digital asset growth in the U.S.
A New Era Begins for the Crypto Sector
Donald Trump’s pardon of Binance founder Changpeng Zhao is viewed as more than just an individual act of clemency it marks a political and economic milestone for the crypto industry. The move suggests that pro-crypto policies are making a comeback in the U.S., and that the digital asset sector is gaining legitimacy in Washington’s eyes.
Experts predict that in the coming months, the Trump administration may unveil new crypto regulations, tax incentives, and innovation-friendly policies, potentially revitalizing the cryptocurrency industry both domestically and globally.
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