3
President Donald Trump on Thursday pardoned Binance founder Changpeng Zhao, who created the world’s largest cryptocurrency exchange and pled guilty in 2023 to enabling money laundering.
Zhao served prison time for failing to stop criminals from using the platform to move money connected to child sex abuse, drug trafficking and terrorism.
“I failed here,” Zhao told the court last year during sentencing. “I deeply regret my failure, and I am sorry.”
His pardoning is the latest example of Trump flexing his executive power to bestow clemency on political…
