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Trump Grants Pardon to Binance Founder Changpeng Zhao; Crypto Market Jumps 14%
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Trump’s pardon of Binance founder CZ Zhao sparked a 14% crypto market rally, sending Bitcoin above $110K amid renewed regulatory debate.
In a surprise White House announcement, President Donald Trump pardoned Binance founder Changpeng ‘CZ’ Zhao, calling him a ‘symbol of innovation and financial freedom’. The decision triggered a 14% surge in crypto market capitalization within hours as Bitcoin crossed $110,000 and Ethereum approached $3,900. Regulatory experts warned of renewed volatility if global watchdogs tighten oversight on exchanges in response.