CZ Pardoned by Trump, Paving Way for Potential Return to Binance Helm

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The landscape of the cryptocurrency industry was upended as President Donald Trump issued a pardon to Changpeng “CZ” Zhao, the founder and former CEO of Binance.

The pardon nullifies the legal barriers that resulted from Zhao’s plea agreement with the US government, which included a lifetime ban from running the exchange.

As Binance’s largest shareholder, Zhao could now be positioned to retake control of the company, a prospect that sent shockwaves through the crypto market.