Changpeng "CZ" Zhao, founder of Binance, has been pardoned by US President Donald Trump, reigniting speculation about Binance's potential return to the US market. Following the pardon, CZ expressed his commitment to advancing crypto in America, changing his social media bio to reflect his renewed association with Binance. This development has led to discussions about Binance's re-entry into the US, potentially increasing trading volumes and market access.
The pardon has drawn mixed reactions, with some industry leaders viewing it as a positive step for Binance and its native token BNB, which has seen recent price resilience. However, US lawmakers, particularly from the Democratic Party, have criticized the pardon, suggesting it reflects undue influence from the crypto industry. CZ's legal issues stemmed from a guilty plea to violating the US Bank Secrecy Act, resulting in a four-month sentence earlier this year.
Binance Founder CZ's Pardon Sparks Speculation of US Return
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