TRUMP PARDONS BINANCE FOUNDER CZ ZHAO

Summary from the TLDR Crypto newsletter

President Trump pardoned Binance founder Changpeng Zhao, who pleaded guilty in 2023 to violating the Bank Secrecy Act by failing to implement effective anti-money laundering controls and willfully violating US economic sanctions. Zhao's plea was part of a $4.3 billion DOJ settlement with Binance, and he served four months of his sentence before receiving the pardon. The pardon follows an August Wall Street Journal report that the Trump family's crypto venture, which has generated $4.5 billion since the 2024 election, benefits from a partnership with a trading platform administered by Binance.