Binance CEO Changpeng Zhao (CZ) has received a presidential pardon, which, while absolving him of criminal charges, does not erase his conviction. This development is expected to lead to a surge of civil lawsuits against Binance, as the pardon effectively confirms the conviction. The situation raises questions about the implications for the crypto industry, with some viewing it as a potential reckoning, while others see it as a precedent that could undermine justice.