{"id":40824,"date":"2025-10-24T12:53:54","date_gmt":"2025-10-24T10:53:54","guid":{"rendered":"https:\/\/www.coinpro.ch\/uncategorized\/us-president-donald-trump-pardons-binance-founder-cz\/"},"modified":"2025-10-24T12:54:24","modified_gmt":"2025-10-24T10:54:24","slug":"us-president-donald-trump-pardons-binance-founder-cz","status":"publish","type":"post","link":"https:\/\/www.coinpro.ch\/en\/news-en\/us-president-donald-trump-pardons-binance-founder-cz\/","title":{"rendered":"US President Donald Trump Pardons Binance Founder CZ"},"content":{"rendered":"<p>US President Donald Trump pardons Binance founder Changpeng Zhao. CZ served four months in a US prison last year. A court previously convicted him of money laundering and sanctions violations. Thanks to the President&#8217;s amnesty, the programmer is no longer considered a criminal.<\/p>\n<div class=\"row row-collapse align-middle row-comparison\"  id=\"row-1500898247\">\n\n\n\t<div id=\"col-528590996\" class=\"col medium-3 small-6 large-3 small-col-first\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n  <div class=\"banner has-hover\" id=\"banner-998492776\">\n          <div class=\"banner-inner fill\">\n        <div class=\"banner-bg fill\" >\n                                                \n                    <\/div>\n\t\t\n        <div class=\"banner-layers container\">\n            <div class=\"fill banner-link\"><\/div>            \n\n   <div id=\"text-box-696416655\" class=\"text-box banner-layer text-box-circle x50 md-x50 lg-x50 y50 md-y50 lg-y50 res-text\">\n                                <div class=\"text-box-content text dark\">\n              \n              <div class=\"text-inner text-center\">\n                  \n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1716306109\">\n\t\t<a class=\"\" href=\"https:\/\/www.coinpro.ch\/Bitvavo-Aktion\" target=\"_blank\" rel=\"noopener\" >\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"340\" src=\"https:\/\/www.coinpro.ch\/wp-content\/uploads\/2023\/12\/bitvavo-mark-and-logo-black-1024x341.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/www.coinpro.ch\/wp-content\/uploads\/2023\/12\/bitvavo-mark-and-logo-black-1024x341.png 1024w, https:\/\/www.coinpro.ch\/wp-content\/uploads\/2023\/12\/bitvavo-mark-and-logo-black-300x100.png 300w, https:\/\/www.coinpro.ch\/wp-content\/uploads\/2023\/12\/bitvavo-mark-and-logo-black-768x256.png 768w, https:\/\/www.coinpro.ch\/wp-content\/uploads\/2023\/12\/bitvavo-mark-and-logo-black-1536x512.png 1536w, https:\/\/www.coinpro.ch\/wp-content\/uploads\/2023\/12\/bitvavo-mark-and-logo-black-2048x683.png 2048w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\t\t\n<style>\n#image_1716306109 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1531476135\">\n\t\t<a class=\"\" href=\"https:\/\/www.coinpro.ch\/Bitvavo-Aktion\" target=\"_blank\" rel=\"noopener\" >\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\t\t\n<style>\n#image_1531476135 {\n  width: 80%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\n              <\/div>\n           <\/div>\n                            \n<style>\n#text-box-696416655 .text-box-content {\n  background-color: rgb(255, 255, 255);\n  font-size: 100%;\n}\n#text-box-696416655 {\n  width: 100%;\n}\n<\/style>\n    <\/div>\n \n\n        <\/div>\n      <\/div>\n\n            \n<style>\n#banner-998492776 {\n  padding-top: 99.99%;\n  background-color: rgba(255, 255, 255, 0);\n}\n<\/style>\n  <\/div>\n\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-528590996 > .col-inner {\n  padding: 15px 15px 15px 15px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n\t<div id=\"col-1797890885\" class=\"col col-comparison-description medium-4 small-12 large-4\"  >\n\t\t\t\t<div class=\"col-inner text-left\"  >\n\t\t\t\n\t\t\t\n\n<p style=\"margin-bottom: 1em;\">Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies. PayPal deposit possible.  <strong>Limited time offer: \u20ac20 bonus when you sign up via CoinPro.ch<\/strong><\/p>\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-1797890885 > .col-inner {\n  padding: 15px 0px 0 15px;\n}\n@media (min-width:550px) {\n  #col-1797890885 > .col-inner {\n    padding: 15px 0px 15px 15px;\n  }\n}\n<\/style>\n\t<\/div>\n\n\t\n\n\t<div id=\"col-630616749\" class=\"col col-comparison-stars medium-2 small-6 large-2 small-col-first\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n<p><span style=\"font-size: 200%;\"><strong>98%<\/strong><\/span><\/p>\n\n\n<span class=\"fsrs\"><span class=\"fsrs-stars\"><i class=\"fsrs-fas fa-fw fa-star \"><\/i><i class=\"fsrs-fas fa-fw fa-star \"><\/i><i class=\"fsrs-fas fa-fw fa-star \"><\/i><i class=\"fsrs-fas fa-fw fa-star \"><\/i><i class=\"fsrs-fas fa-fw fa-star \"><\/i><\/span><span class=\"hide fsrs-text fsrs-text__hidden\" aria-hidden=\"false\">5.0 out of 5.0 stars<\/span><span class=\"lining fsrs-text fsrs-text__visible\">5.0<\/span><\/span>\n\n<p><a href=\"https:\/\/www.coinpro.ch\/en\/reviews-en\/bitvavo-experiences-2025-the-crypto-exchange-under-review\/\">Read review<\/a><\/p>\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-630616749 > .col-inner {\n  padding: 15px 15px 15px 15px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n\t<div id=\"col-1949708835\" class=\"col medium-3 small-12 large-3\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n<a href=\"https:\/\/www.coinpro.ch\/Bitvavo-Aktion\" target=\"_blank\" class=\"button primary box-shadow-2 expand no-margin\" rel=\"noopener\"  >\n\t\t<span>Sign up with a \u20ac20 bonus<\/span>\n\t<\/a>\n\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-1949708835 > .col-inner {\n  padding: 15px 15px 15px 15px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n<\/div>\n<h2>US President Donald Trump Pardons Binance Founder CZ<\/h2>\n<p>US President Donald Trump pardoned Binance founder Changpeng Zhao (known as <i>CZ<\/i>) yesterday. The crypto entrepreneur is one of hundreds of people whose sentences the 79-year-old president considers unlawful.<\/p>\n<p>By July 23, Trump had already pardoned more than 1,600 people. Most recently, he had granted amnesty to another series of people \u2013 including CZ. In an interview, the US President initially seemed unable to make much of the Chinese programmer&#8217;s name.<\/p>\n<blockquote><p>\u201cToday you have granted amnesty to the founder of Binance. Can you explain why you pardoned him and whether it has anything to do with his involvement in your family&#8217;s business?\u201d a journalist asked.<\/p><\/blockquote>\n<p><em>\u201cWhich one? Who is that?\u201d<\/em> Trump initially asked. Even as <em>\u201cCZ\u201d<\/em>, the president did not recognize the entrepreneur. Finally, Trump was able to remember him as a <em>\u201ccrypto person\u201d<\/em>.<\/p>\n<blockquote><p>\u201cI think we&#8217;re talking about the same person, because I pardon a lot of people. I don&#8217;t know. He was recommended by many people. (\u2026) Many people say he is not guilty at all.\u201d<\/p><\/blockquote>\n<div class=\"brlbs-cmpnt-container brlbs-cmpnt-content-blocker brlbs-cmpnt-with-individual-styles\" data-borlabs-cookie-content-blocker-id=\"youtube-content-blocker\" data-borlabs-cookie-content=\"PGlmcmFtZSB0aXRsZT0iUmVwb3J0ZXIgQXNrcyBUcnVtcCBQb2ludC1CbGFuazogV2h5IERpZCBZb3UgUGFyZG9uIFRoZSBGb3VuZGVyIE9mIEJpbmFuY2U\/IiB3aWR0aD0iMTAyMCIgaGVpZ2h0PSI1NzQiIHNyYz0iaHR0cHM6Ly93d3cueW91dHViZS1ub2Nvb2tpZS5jb20vZW1iZWQvM2p4VlhtRFJaNnc\/ZmVhdHVyZT1vZW1iZWQiIGZyYW1lYm9yZGVyPSIwIiBhbGxvdz0iYWNjZWxlcm9tZXRlcjsgYXV0b3BsYXk7IGNsaXBib2FyZC13cml0ZTsgZW5jcnlwdGVkLW1lZGlhOyBneXJvc2NvcGU7IHBpY3R1cmUtaW4tcGljdHVyZTsgd2ViLXNoYXJlIiByZWZlcnJlcnBvbGljeT0ic3RyaWN0LW9yaWdpbi13aGVuLWNyb3NzLW9yaWdpbiIgYWxsb3dmdWxsc2NyZWVuPjwvaWZyYW1lPg==\">\n<div class=\"brlbs-cmpnt-cb-preset-c brlbs-cmpnt-cb-youtube\">\n<div class=\"brlbs-cmpnt-cb-thumbnail\" style=\"background-image: url('https:\/\/www.coinpro.ch\/wp-content\/uploads\/borlabs-cookie\/1\/yt_3jxVXmDRZ6w_hqdefault.jpg')\"><\/div>\n<div class=\"brlbs-cmpnt-cb-main\">\n<div class=\"brlbs-cmpnt-cb-play-button\"><\/div>\n<div class=\"brlbs-cmpnt-cb-content\">\n<p class=\"brlbs-cmpnt-cb-description\">You are currently viewing a placeholder content from <strong>YouTube<\/strong>. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.<\/p>\n<p> <a class=\"brlbs-cmpnt-cb-provider-toggle\" href=\"#\" data-borlabs-cookie-show-provider-information role=\"button\">More Information<\/a> <\/div>\n<div class=\"brlbs-cmpnt-cb-buttons\"> <a class=\"brlbs-cmpnt-cb-btn\" href=\"#\" data-borlabs-cookie-unblock role=\"button\">Unblock content<\/a> <a class=\"brlbs-cmpnt-cb-btn\" href=\"#\" data-borlabs-cookie-accept-service role=\"button\" style=\"display: inherit\">Accept required service and unblock content<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<blockquote><p>Trump then reacted angrily to an interjection from the journalist. \u201cYou don&#8217;t know much about crypto. You don&#8217;t know anything. You are fake news.\u201d<\/p><\/blockquote>\n<p>CZ enjoys great support among his advisors. His persecution during the Biden administration had political reasons, Trump implies. He personally does not know Zhao and has never met him.<\/p>\n<p>The question surrounding a business involvement between the Trump family and CZ alludes to agreements between the Binance founder and the company World Liberty Financial (WLFI), which is majority-owned by the Trumps. CZ is said to have financed it.<\/p>\n<p><a href=\"https:\/\/www.wsj.com\/finance\/currencies\/trump-binance-changpeng-zhao-pardon-7509bd63\">According to the WSJ<\/a>, CZ worked primarily with Zach Witkoff, who runs WLFI&#8217;s day-to-day business. Witkoff is said to be a personal friend of Zhao. He recently came into focus in a crypto scandal surrounding Trump after massive insider trading was discovered.<\/p>\n<p>CZ thanked X for the pardon. He now wants to do everything he can to turn the United States into the global crypto center.<\/p>\n<div class=\"brlbs-cmpnt-container brlbs-cmpnt-content-blocker brlbs-cmpnt-with-individual-styles\" data-borlabs-cookie-content-blocker-id=\"x-alias-twitter-content-blocker\" data-borlabs-cookie-content=\"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\">\n<div class=\"brlbs-cmpnt-cb-preset-b brlbs-cmpnt-cb-x\">\n<div class=\"brlbs-cmpnt-cb-thumbnail\" style=\"background-image: url('https:\/\/www.coinpro.ch\/wp-content\/uploads\/borlabs-cookie\/1\/cb-twitter-main.png')\"><\/div>\n<div class=\"brlbs-cmpnt-cb-main\">\n<div class=\"brlbs-cmpnt-cb-content\">\n<p class=\"brlbs-cmpnt-cb-description\">You are currently seeing a placeholder content of <strong>X<\/strong>. To access the actual content, click on the button below. Please note that data will be passed on to third-party providers.<\/p>\n<p> <a class=\"brlbs-cmpnt-cb-provider-toggle\" href=\"#\" data-borlabs-cookie-show-provider-information role=\"button\">More information<\/a> <\/div>\n<div class=\"brlbs-cmpnt-cb-buttons\"> <a class=\"brlbs-cmpnt-cb-btn\" href=\"#\" data-borlabs-cookie-unblock role=\"button\">Unlock content<\/a> <a class=\"brlbs-cmpnt-cb-btn\" href=\"#\" data-borlabs-cookie-accept-service role=\"button\" style=\"display: inherit\">Accept required service and unblock content<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<script type=\"text\/plain\" data-tcf=\"waiting-for-consent\" data-id=\"20572\" data-bid=\"1\" data-placement=\"33872\">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<\/script><h2>Why Was Changpeng Zhao Convicted in the USA?<\/h2>\n<p>The 48-year-old Chinese native Changpeng Zhao was sentenced in April 2024 by a US court to a four-month prison sentence, which he has already served. CZ has been free since September 2024.<\/p>\n<p>US authorities accused Zhao at the time of deliberately disregarding regulatory requirements on Binance. Accordingly, it was possible for users to circumvent sanctions via Binance. The crypto exchange also benefited from money laundering. CZ knew about this but tolerated the criminal actors in order not to jeopardize Binance&#8217;s role as the most popular crypto exchange.<\/p>\n<p>More than 1.5 million unauthorized transactions are said to have been processed via Binance over the years. The company paid a fine of four billion US dollars for this. CZ, who was acting as managing director of Binance.com at the time, paid 50 million US dollars from his personal property.<\/p>\n<p>In order to comply with deviating regulatory requirements in the USA, Binance founded the Binance.US branch in 2019. CZ was convicted for violations of this trading platform, although he did not officially hold the management position and the company, according to its own statements, operated independently of Binance.com. The US Securities and Exchange Commission (SEC) claims to have recognized that CZ was in fact managing both companies, but publicly presented it differently.<\/p>\n<p>Zhao illegally granted influential figures from the USA access to Binance.com. The crypto exchange failed to register as a money transfer service provider in the USA. During the court hearings, the Binance founder pleaded guilty to the charge of conspiracy to commit money laundering.<\/p>\n<p>Buy <a href=\"https:\/\/www.coinpro.ch\/en\/buy\/where-to-buy-bitcoin-instructions-for-switzerland-austria-and-germany\/\">Bitcoin<\/a> now!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US President Donald Trump pardons Binance founder Changpeng Zhao. CZ served four months in a US prison last year. A court previously convicted him of money laundering and sanctions violations. Thanks to the President&#8217;s amnesty, the programmer is no longer considered a criminal. US President Donald Trump Pardons Binance Founder CZ US President Donald Trump&#8230;<\/p>\n","protected":false},"author":19,"featured_media":40825,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17325],"tags":[17594,17477,17644,17684,17696,17769],"class_list":["post-40824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-cryptocurrencies","tag-donald-trump-en","tag-news-en","tag-regulation","tag-sec-en","tag-world-liberty-financial-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US President Donald Trump Pardons Binance Founder CZ - CoinPro.ch<\/title>\n<meta name=\"description\" content=\"US President Donald Trump pardons CZ. 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