CZ is rumored to have been pardoned by Trump and may return to Binance management, which has attracted market attention

According to multiple sources, Binance founder CZ has been officially pardoned by US President Trump. Although CZ has completed federal imprisonment and paid a huge fine (including a $50 million criminal fine and another $50 million paid to the US Commodity Futures Trading Commission (CFTC)) in 2024, the significance of this pardon is still significant, and it may open up a legal channel for him to return to Binance's senior management position.

In March of this year, the Wall Street Journal revealed that Binance had discussed injecting capital into the Trump family's cryptocurrency project World Liberty Financial in exchange for CZ's presidential pardon. At the same time, there were also reports that the Trump family had negotiated with relevant parties to acquire a stake in Binance.US, Binance's US branch. But at that time, CZ denied this.

Until May of this year,CZ publicly stated that he had officially submitted a pardon application to the Trump team, sparking widespread speculation from the outside world. Now, several people close to the transaction have confirmed that Trump has approved the relevant pardon request in a private setting, clearing future legal obstacles for CZ.

It is worth noting that although CZ was sentenced to four months in May 2024 for violating anti-money laundering regulations and US sanctions regulations and was released in September of the same year, the presidential pardon will not completely erase his criminal record, but may restore his certain professional qualifications and international freedom of movement. This has an important impact on whether CZ can resume his important position in the Binance ecosystem.

Market analysts believe that if CZ eventually returns to Binance or its related entities, it may lead to the global business restructuring of the platform and gain greater initiative for it in the US regulatory environment. In addition, the increasingly close capital connection between the Trump family and the digital asset ecosystem has also aroused great attention from the outside world to its policy inclinations and the future development direction of cryptocurrencies.

CZ has not yet made an official response to the news, and Binance has not made a public statement. However, the market has begun to predict the chain reaction that his return may bring, especially in the current context of intensive compliance of Web3 enterprises and the continuous reshaping of the industry governance structure. The return of the old generation of crypto leaders will undoubtedly have a profound impact on the ecological landscape.