Trump pardons convicted Binance founder Zhao, White House says

Binance founder Changpeng Zhao, also known as CZ, attends the Bitcoin Asia conference, in Hong Kong

WASHINGTON (Reuters) -U.S. President Donald Trump has pardoned convicted Binance founder Changpeng Zhao, a White House official said on Thursday.

In a statement, White House press secretary Karoline Leavitt said Trump had “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.”

Binance did not immediately respond to a request for comment

(Reporting by Doina Chiacu and Gram Slattery; editing by Rami Ayyub)