Binance Founder Seeks Pardon from Trump, Report Claims
Changpeng Zhao (CZ), the founder of Binance, is reportedly seeking a presidential pardon from Donald Trump, despite having already completed a four-month prison sentence, according to sources cited by the Wall Street Journal.
The U.S. president holds the authority to grant pardons, including preemptive ones, as outlined by the Constitution and Supreme Court precedents.
The report also suggests Binance is in talks to secure investments from the Trump family or associated entities like World Liberty Financial, with plans to move some operations to the U.S. These discussions come as part of Binance’s efforts to strengthen its U.S. presence.
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While Binance has not responded publicly to these claims, the move aligns with Trump’s push for foreign companies to relocate operations to the U.S. Notably, the U.S. government holds $33 million worth of Binance’s BNB coins, possibly contributing to a new U.S. Digital Asset Stockpile.
In an update, CZ dismissed the reports, denying any discussions about a Binance U.S. deal and humorously remarking on his unique legal situation.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
