Binance Co-Founder Denies Trump Pardon Rumors for CZ

Binance co-founder Yi He has publicly refuted rumors that Changpeng “CZ” Zhao, the founder and former CEO of Binance, received a presidential pardon from former U.S. President Donald Trump. These rumors, initially reported by a Chinese media platform and later removed, were confirmed to be false by Yi He in a message to a blockchain media outlet.

Yi He stated, “If there’s good news, I will inform everyone immediately,” in a translated message shared through a screenshot. The Department of Justice’s website shows no evidence of a presidential pardon being granted to Zhao. In a recent interview, Zhao confirmed he had applied for a pardon from President Trump, with his legal team initiating the application in April.

Several crypto industry figures have previously received presidential pardons, including three BitMEX co-founders and Ross Ulbricht, who created the Silk Road marketplace. The dismissal of the pardon rumors by Yi He comes at a time when the crypto industry is under increased scrutiny from regulatory bodies. The industry has seen significant growth and innovation, but it has also faced challenges related to security, compliance, and legal issues.

The dismissal of the pardon rumors by Yi He underscores the importance of transparency and accuracy in the crypto industry. The industry has faced criticism for its lack of transparency and accountability, and Yi He's statement is a step towards addressing these concerns. It also highlights the ongoing legal and regulatory challenges facing the industry, reminding that the industry is still navigating complex legal and regulatory landscapes, and that there is still much work to be done to ensure that the industry is operating in a safe and compliant manner.

The dismissal of the pardon rumors by Yi He is significant for Binance and its leadership. Binance has faced its own set of legal and regulatory challenges, and the dismissal of the pardon rumors by Yi He is a reminder that the company is still navigating complex legal and regulatory landscapes. The dismissal of the pardon rumors by Yi He is a step towards addressing these concerns and ensuring that the company is operating in a safe and compliant manner.

The dismissal of the pardon rumors by Yi He is also significant for the broader crypto industry. The industry has seen significant growth and innovation, but it has also faced challenges related to security, compliance, and legal issues. The dismissal of the pardon rumors by Yi He is a reminder that the industry is still navigating complex legal and regulatory landscapes, and that there is still much work to be done to ensure that the industry is operating in a safe and compliant manner. The dismissal of the pardon rumors by Yi He is a step towards addressing these concerns and ensuring that the industry is operating in a safe and compliant manner.