Trump pardons Binance founder Changpeng Zhao, White House says
'President Trump exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency,' says White House
By Michael Hernandez
WASHINGTON (AA) - US President Donald Trump pardoned Changpeng Zhao, the convicted founder of crypto exchange Binance, the White House confirmed Thursday.
"President Trump exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency," spokesperson Karoline Leavitt said in a statement.
"In their desire to punish the cryptocurrency industry, the Biden Administration pursued Mr. Zhao despite no allegations of fraud or identifiable victims," she added.
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