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President Trump’s Thursday pardon of Changpeng Zhao, the founder of Binance who was convicted in 2023 of
failing to prevent money laundering, may pave the way for the world’s largest crypto exchange to return to the U.S., some industry participants said.
Binance was banned from operating in the U.S. two years ago after the company pleaded guilty to violating U.S. anti-money-laundering laws and paid a large penalty of $4.3 billion. Zhao stepped aside as chief executive at the company in the same year, paid a fine of $50 million and served nearly four months in prison in 2024, after pleading guilty to related charges.
This post was originally published on Market Watch
