Binance co-founder Changpeng “CZ” Zhao said rival crypto exchanges were concerned a pardon could pave the way for Binance to return to the US market.
Binance co-founder Changpeng “CZ” Zhao said he was not very confident he would be pardoned by US President Donald Trump after serving a four-month prison sentence in 2024 for violating US anti-money-laundering laws.
“You never know because we actually had very strong anti-lobbying from some of our perceived competitors in the US,” Zhao told Ran Neuner on the Crypto Banter podcast published to YouTube on Saturday.
US President Donald Trump pardoned Zhao in October 2025, just over a year after the crypto executive completed his four-month prison term in September 2024.
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