Well, you may have heard of the latest news about Donald Trump signed off on a pardon for Changpeng Zhao. Known to his fans as CZ, this Canadian-born entrepreneur built Binance. But last year, he took a guilty plea in a Seattle courtroom. The judge slapped him with four months in a low-security federal prison in California, where he wrapped up his time just a few weeks back.
Now, thanks to Trump's pen, his conviction's wiped clean, and CZ is back in the game without a legal cloud hanging over him. It turns out, crypto bigwigs have been cozying up to Trump big time. CZ himself hit the campaign trail, popping up at fundraisers in Miami and Las Vegas, where deep-pocketed donors shelled out millions for Trump-aligned causes. Binance even teamed up with a fresh crypto outfit run by Trump's sons, Eric and Don Jr. That deal? It's set to pump serious cash—maybe tens of millions yearly—into the Trump family's pockets.
During a White House briefing the next day, Trump called CZ "that crypto fellow" and saying a bunch of folks nudged him to do it. No big surprise there; Trump has already mobilized allies like George Santos, the former congressman accused of fraud, and even some January 6 participants this year alone.
This action is more than a footnote; it signals to the entire crypto community. Under Trump, federal regulators have halted probes into giants like Coinbase, and he's promised to turn America into the "crypto capital of the world." For everyday people trying digital coins, it means fewer hurdles and potentially more opportunities. But honestly, when billionaires receive VIP treatment while everyday people struggle with the system, it leaves a bitter impression. I mean, if loyalty and lunch money can buy freedom, what's that say about justice for the rest of us?
In the end, CZ's fresh start could supercharge Binance's comeback, drawing in more users from places like Dubai, where he keeps a low profile these days. As Trump reshapes the rules, one thing's clear: in this corner of finance, the rich just got richer—and freer.
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