- US President Donald Trump granted a pardon to Binance founder Changpeng “CZ” Zhao.
- The pardon was issued on Wednesday following lobbying and public support for CZ.
- The presidential order was confirmed by Binance in an official statement.
- Trump said CZ received the pardon after recommendations from many people who believed he was not guilty.
- CZ expressed commitment to promoting the United States as a crypto hub and advancing Web3 technology globally.
Changpeng “CZ” Zhao, founder of Binance, received a presidential pardon from former US President Donald Trump on Wednesday. The pardon came after numerous individuals lobbied on CZ’s behalf, asserting his innocence.
Binance publicly confirmed the presidential pardon in a statement provided to Cointelegraph. The pardon formally cleared CZ of any alleged wrongdoing.
During a Thursday press conference, Trump explained his decision to pardon CZ, saying, “He was recommended by a lot of people,” and “people say that he wasn’t guilty of anything.” The former president noted he received extensive support for CZ’s case from multiple sources.
Following the pardon, CZ pledged to contribute to making the United States the center of cryptocurrency innovation. He stated he would do “everything we can to help make America the Capital of Crypto and advance Web3 worldwide.” Web3 refers to the next generation of internet technologies based on decentralized blockchain networks.
The presidential pardon removes legal obstacles for CZ and Binance within the US regulatory environment. This move has implications for the crypto industry’s growth and acceptance in the country.
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