Trump pardons convicted Binance founder Zhao, White House says

ReutersOct 23, 2025 3:20 PM

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WASHINGTON, Oct 23 (Reuters) - U.S. President Donald Trump has pardoned convicted Binance founder Changpeng Zhao, a White House official said on Thursday.

In a statement, White House press secretary Karoline Leavitt said Trump had “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency."

Binance did not immediately respond to a request for comment

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