
财经少华|Mar 15, 2025 02:13
CZ, come back quickly. When the king returns, there will be big moves
CZ is seeking a presidential pardon from Trump, which could allow him to take on operational or managerial roles at Binance. Last year, Binance provided business advice to Trump allies as part of its plan to strengthen its US operations.
CZ's service time after pleading guilty to violating US anti money laundering laws states that he is the only individual in US history to be sentenced to prison for violating a single bank secrecy act. He said, 'No convicted criminal would mind pardon.' He added that he remains committed to advancing cryptocurrency in the United States and globally.
Possible meanings that CZ may return
In November 2023, Binance settled with US authorities and agreed to pay a fine of $4.3 billion. As part of the agreement, Zhao pleaded guilty to failing to implement an effective anti money laundering plan on the exchange. The company is also committed to completely withdrawing from the US market.
CZ later resigned as CEO, and the report indicated that he was permanently prohibited from operating or managing Binance under the terms of the settlement. The presidential pardon may change the platform's ability to conduct business in the country.
Since Trump took office, his administration has taken a more supportive stance towards digital assets, reversing the strict regulatory approach of the previous administration. The US Securities and Exchange Commission (SEC) has eased its enforcement efforts against cryptocurrency companies. Several high-profile cases, including Binance and joint cases, have been suspended or dropped.
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