Former U.S. President Donald Trump stated that he pardoned Binance founder Changpeng Zhao (CZ) based on the lobbying and support of "many people" who told him that CZ was innocent.

The pardon for CZ was signed on Wednesday, and Binance confirmed this presidential order in a statement to Cointelegraph.

At a press conference on Thursday, Trump mentioned that he chose to pardon the Binance founder because he "received many recommendations" and garnered significant support, with "people saying he committed no crime."

Changpeng Zhao was sentenced to four months in prison after pleading guilty to a charge of violating the U.S. Bank Secrecy Act for failing to maintain an effective anti-money laundering program at Binance.

CZ's cryptocurrency lawyer, Teresa Goody Guillén, stated on Thursday that the pardon was the right decision, as her client "only had one charge of failing to establish an effective compliance program. No fraud, no victims, no criminal history. No money laundering."

"CZ is the first and only first-time offender in U.S. history to be sentenced to prison for this single, non-fraud-related charge," she said.

After receiving the pardon, CZ expressed his "deep gratitude" on X and stated that he would "do everything we can to help the U.S. become the cryptocurrency capital and advance the global Web3 development."

As part of the plea agreement with authorities, CZ was forced to resign as CEO of Binance and was banned from working at the exchange. The pardon may allow him to rejoin Binance.

Related: WazirX bets on zero-fee crypto trading to drive its restart after a long hiatus

Original article: “Trump on pardoning CZ: People told me ‘what he did isn’t even a crime’”

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。