Trump pardons convicted Binance crypto exec Changpeng Zhao

President Donald Trump on Thursday pardoned convicted billionaire crypto executive Changpeng Zhao, the co-founder of Binance, in a step that showcased the ongoing retreat of the federal government on crypto regulation and enforcement. In late 2023, Zhao pled guilty to violating anti-money laundering laws following a three-year investigation by the Justice Department. He stepped down from serving as Binance's chief executive, though Zhao maintained a controlling stake in the crypto trading firm. The most ...