recently, U.S. President Trump issued a pardon to Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange. This decision comes after Zhao was reportedly targeted by the Biden administration in their efforts to regulate the cryptocurrency industry. Despite settling a significant payment with the DOJ in 2023, Zhao was still facing legal challenges. The pardon has been justified as an exercise of Trump’s constitutional authority, highlighting that Zhao was persecuted without allegations of fraud or identifiable victims.

The pardon of Changpeng Zhao is part of a series of high-profile pardons by Trump, drawing attention to his stance on the cryptocurrency industry. This move has implications for the broader sector, as it reflects ongoing debates about regulation and the role of cryptocurrencies in the financial landscape. Trump’s actions underscore his approach to using pardons to address perceived injustices, particularly in industries under scrutiny by his political opponents.