Binance co-founder Changpeng Zhao has received a pardon from Donald Trump, one of the biggest moves yet by the president to fully embrace the crypto industry and give legal reprieves to some of its most prominent people.
The move marks the latest act of clemency the White House has granted to a crypto entrepreneur, underscoring how the Trump administration has positioned itself as a friend of the industry and how the president’s family has enriched itself from it. Binance assisted one of its family ventures with the launch of its stablecoin, which could yield tens of millions of dollars a year.
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