Changpeng Zhao, the co-founder of cryptocurrency exchange Binance who pleaded guilty to criminal charges relating to lax money laundering controls, has been pardoned by Donald Trump.
“President Trump exercised his constitutional authority by issuing a pardon for Mr Zhao, who was prosecuted by the Biden administration in their war on cryptocurrency,” said White House press secretary Karoline Leavitt.
“The Biden administration pursued Mr Zhao despite no allegations of fraud or identifiable victims,” she added. “The Biden administration’s war on crypto is over.”
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