CZ Says Crypto Exchange Rivals Opposed His Pardon Bid
Cointelegraph
Binance co-founder Changpeng Zhao claims US crypto competitors lobbied against his presidential pardon due to concerns over Binance's potential market re-entry.Summary
Binance co-founder Changpeng “CZ” Zhao revealed that he believes competitors in the US crypto industry actively lobbied against his bid for a presidential pardon. Zhao, who served a four-month prison sentence for anti-money-laundering violations, suggested these rivals feared his return to the US market. While noting he lacks concrete evidence, Zhao remains confident that this opposition occurred. Ultimately, Zhao was pardoned by President Donald Trump in October 2025, over a year after completing his sentence, following Trump’s characterization of the case as a politically motivated "witch hunt."
(Source：Cointelegraph)