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Binance Founder Changpeng Zhao Receives Presidential Pardon for Anti-Money Laundering Violations
Binance founder Changpeng Zhao received a presidential pardon from U.S. President Donald Trump on October 21, 2025, for failing to maintain an effective anti-money laundering program. The pardon, confirmed by the U.S. Department of Justice's clemency register, follows Zhao's previous sentence of a $50 million fine and four months of imprisonment. Zhao plans to focus on his family office, YZi Labs, and advisory roles in the cryptocurrency sector.
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