In April, 2024, Changpeng Zhao,'CZ', was sentenced to four months in prison after he had admitted to violating the US laundering laws, also paying $4.3bn after it was further discovered that he helped users bypass sanctions.
For over a year, Binance have been desperately seeking for a pardon for their boss and since he (CZ) had finished serving his sentence in September of last year, they feel a pardon should be considered and this campaign for a pardon was further emboldened by Trump's release of his new coin, being that the new president is more friendly where crypto is concerned unlike his predecessor, Joe Biden.
As a result of this pardon, Zhao can now freely run his financial ventures but there's still no clear answer whether CZ would go back to being the boss of Binance after stepping down in 2023.
Now where things gets interesting is that prior to his pardon, his companies partnered with firms connected to Trump.
Is it me or is Trump granting pardon carelessly because this is the same way he dropped the fraud case of Justin Sun due to his crypto involvement with Trump family investment, World Liberty Financial or is there more to it?
https://www.bbc.com/news/articles/cly1qrl9l1qo