Trump has pardoned Changpeng Zhao, the convicted founder of Binance. Previously, Zhao had spent months working to help the Trump family's own cryptocurrency company. Recently, Trump told his advisers that he sympathized with the argument that Zhao and others were subjected to "political persecution" by U.S. authorities. This pardon could pave the way for Binance, the world's largest cryptocurrency exchange, to return to the United States. Binance had admitted in 2023 to violating U.S. anti-money laundering regulations and was therefore banned from operating in the United States. Cryptocurrency giants, tech giants, and oil and tobacco companies have been major donors to Trump's luxurious new White House ballroom, including companies such as Coinbase, Ripple, Tether, Amazon, Apple, Google, and Meta. However, the cryptocurrency industry still faces resistance in the Senate, and a landmark regulatory bill has stalled, with industry CEOs worried that the bill may be delayed until 2026.
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Original: www.toutiao.com/article/1846835107545161/
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