Binance Founder CZ Addresses Trump Pardon in FOX News Interview
Changpeng Zhao (CZ), the founder of Binance, recently broke his silence in a FOX News Special Report interview regarding his unexpected presidential pardon by Donald Trump. The October 21 clemency decision overturned his four-month sentence for anti-money laundering violations, sparking widespread speculation. CZ denied any political connections influencing the pardon, marking his first public appearance since the controversial ruling. This development has reignited discussions about regulatory scrutiny and political influence in the cryptocurrency industry.
Binance Founder CZ Breaks Silence on Trump Pardon in FOX News Interview
Changpeng Zhao, founder of Binance, made his first televised appearance since receiving a controversial presidential pardon from Donald Trump. In a FOX News Special Report interview, Zhao expressed surprise at the October 21 clemency decision, which vacated his four-month sentence for anti-money laundering violations.
The Binance executive vehemently denied speculation about political connections facilitating the pardon. "There was no deal and no discussion," Zhao stated when addressing rumors of backchannel negotiations with WLFI. His sole encounter with the Trump family amounted to a brief meeting with Eric Trump at a Bitcoin conference in Abu Dhabi.
Market analysts interpret Trump's intervention as signaling a broader policy shift toward cryptocurrency regulation. The pardon has ignited debates about institutional influence in digital asset markets, though Zhao maintains no special access to political power centers.
Dogecoin and Shiba Inu Prices Decline Amid Allegations of Market Manipulation
Dogecoin and shiba inu prices retreated today, erasing yesterday's gains as crypto analyst Nobler pointed to potential market manipulation rather than organic sell-offs. Binance, Wintermute, and BlackRock reportedly sold Bitcoin ahead of the Federal Reserve announcement, creating downward pressure on meme coins tied to BTC's performance.
Bitcoin's struggle to maintain $100,000 has amplified bearish sentiment across speculative assets. Dogecoin now trades below the critical $0.20 threshold, while Shiba Inu has plummeted 53% year-to-date. Wintermute's warning about stalled liquidity inflows suggests the bull market may have paused, leaving meme coins particularly vulnerable.
