Binance Founder CZ Seeks Presidential Pardon Amid Legal Troubles
Changpeng ’CZ’ Zhao, the founder of Binance, has reportedly applied for a presidential pardon from former U.S. President Donald Trump following his four-month prison sentence for money laundering charges. The news emerged during an exclusive interview with Rug Radio, where Zhao denied rumors of offering Binance.US equity in exchange for clemency, calling them "false reports." This development adds another layer of complexity to the legal challenges facing the world’s largest cryptocurrency exchange.
Binance Founder CZ Seeks Presidential Pardon from Trump
Changpeng ’CZ’ Zhao, founder of Binance, has applied for a pardon from former President Donald TRUMP following his four-month prison sentence for money laundering charges. The revelation came during an exclusive interview with Rug Radio, where Zhao dismissed rumors of exchanging Binance.US equity for clemency as "false reports."
The former CEO’s legal saga casts a shadow over the world’s largest cryptocurrency exchange, though operational impacts remain muted. Market observers note the resilience of Binance’s native token BNB despite regulatory headwinds.
Trump-Backed USD1 Stablecoin Ranks 7th by Market Cap in Record Time
Donald Trump’s foray into digital currencies has taken a dramatic turn with USD1, a stablecoin now ranking as the seventh-largest by market capitalization. The token’s valuation surged from $128 million to $2.2 billion in just eight weeks, underscoring its rapid adoption.
Issued predominantly on the BNB Chain, USD1’s growth is closely tied to Binance’s ecosystem. Analysts note its geopolitical undertones, with 90% of WLFI investors originating outside the U.S., suggesting an intentional global expansion strategy.
The stablecoin’s rise mirrors Trump’s confrontational style—transforming financial markets into another arena for his signature blend of economic disruption and political theater. This development signals growing convergence between cryptocurrency and mainstream political influence campaigns.
