Crypto King's Big Break: What's Behind Zhao's Sudden Freedom?

USAThu Oct 23 2025
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Changpeng Zhao, the big boss of Binance, just got a huge break. The former president, Donald Trump, pardoned him. This means Zhao won't face any more trouble for breaking money-laundering rules. He had already spent a few months in jail and said he was sorry. This pardon is part of a bigger picture. Trump has been rolling back strict rules on crypto. Other big names in crypto also got pardons. And companies like Coinbase are no longer being sued. It's like the government is changing its mind about crypto. But why Zhao? He's one of the richest people in crypto. He admitted that his company, Binance, didn't stop bad guys from using it. This included groups like Hamas and Al Qaeda. Despite this, he kept most of his money and power.
Now, with the pardon, Zhao might take back control of Binance. It could also help Binance grow in the U. S. market. Trump's move has made some people happy, but others are not so sure. They think it's unfair and shows favoritism. Binance is a huge deal in crypto. It handles a lot of transactions. Zhao is a big name in the industry. He's even influenced the market with his social media posts. But Binance has faced problems with U. S. law enforcement. Zhao's team worked hard to get the pardon. They hired people with connections to Trump. This includes lawyers and lobbyists. Some people think this is a bad example of how power works.
https://localnews.ai/article/crypto-kings-big-break-whats-behind-zhaos-sudden-freedom-2114414f

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