Story perspectives

Trump Pardons Binance Founder Amid Crypto Controversy

10/26/2025

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Summary

Story summary

U.S. President Donald Trump pardoned Binance founder Changpeng Zhao, alleging persecution by Biden's Justice Department in a 'war on cryptocurrency'.
Critics say the pardon is a quid pro quo because Zhao's business used Trump's crypto tokens, benefiting Trump's family.
Zhao pleaded guilty and faced a $4 billion fine and a four-month sentence.
Observers note criticism of the Biden administration's corporate-crime stance.
Zhao's case is seen as an exception.

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Story summary

U.S. President Donald Trump pardoned Binance founder Changpeng Zhao, alleging persecution by Biden's Justice Department in a 'war on cryptocurrency'.
Critics say the pardon is a quid pro quo because Zhao's business used Trump's crypto tokens, benefiting Trump's family.
Zhao pleaded guilty and faced a $4 billion fine and a four-month sentence.
Observers note criticism of the Biden administration's corporate-crime stance.
Zhao's case is seen as an exception.