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The cryptocurrency world is buzzing with the news that Changpeng Zhao, commonly known as CZ, the founder and former CEO of Binance, has officially sought a presidential pardon from Donald Trump for his money laundering conviction.This revelation marks a significant turn of events, especially considering CZ's initial denial of reports suggesting he was pursuing such a pardon.After stepping down as CEO in 2025 and pleading guilty to money-laundering charges, CZ's legal troubles have been a constant source of discussion within the crypto community and beyond. Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly after denying reports that he wasThe complexities surrounding this situation involve not only Zhao's personal legal battles but also the broader implications for Binance, the cryptocurrency exchange giant he built.The implications are multifaceted, ranging from potential easing of restrictions imposed on CZ to the message it sends about accountability in the rapidly evolving world of digital finance. TradingView India. Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one.Zhao, also known as CZ, said on a Farokh Radio podcast episode aired May 6 that he wouldn t mind a pardon and that his lawyersThis article delves into the details of CZ's pardon request, the circumstances leading up to it, and the potential consequences it holds for the future of cryptocurrency regulation.

The Timeline of Events: From Denial to Admission

The narrative surrounding Changpeng Zhao's pardon request has been anything but straightforward.Initially, reports surfaced indicating that CZ was actively seeking a pardon from then-President Donald Trump. Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly Binance founder CZ asked Trump to pardon money laundering conviction - Mount Rushmore CryptoHowever, Zhao vehemently denied these claims, dismissing them as mere rumors.This denial created a sense of uncertainty and speculation within the crypto industry, leaving many to wonder about the true nature of CZ's legal strategy.

The Shift in Stance: Confirmation on a Podcast

The turning point came during a recent appearance on the Farokh Radio podcast. Changpeng Zhao, the founder of Binance, has publicly confirmed that he is actively seeking a pardon from current U.S. President Donald Trump for his money laundering conviction. Despite previous denials, Zhao admitted during a recent podcast that his legal team has already submitted the necessary paperwork for a pardon request.In an episode aired on May 6, CZ publicly confirmed that he had indeed instructed his legal team to file the necessary paperwork for a presidential pardon.This admission marked a complete reversal of his earlier denials and provided clarity on his intentions. Changpeng Zhao has confirmed that he sought a pardon from Donald Trump for his money laundering conviction, reversing his earlier denial of reports that he had made the request.During the podcast, CZ expressed that he ""wouldn't mind"" receiving a pardon, further solidifying his position.

Why the Change of Heart?

The reasons behind CZ's initial denial and subsequent confirmation remain a topic of speculation.It's possible that his legal team advised against publicizing the pardon request at first, perhaps due to concerns about its potential impact on the ongoing legal proceedings or public perception.Another possibility is that CZ wanted to gauge the political climate and public sentiment before officially acknowledging his pursuit of a pardon.Regardless of the exact reasons, the shift in stance underscores the complexities and strategic considerations involved in high-profile legal cases.

Understanding the Charges: CZ's Guilty Plea and Binance's Role

To fully grasp the significance of CZ's pardon request, it's crucial to understand the charges he faced and the role Binance played in the alleged wrongdoings.In November 2025, CZ resigned as CEO of Binance after pleading guilty to money-laundering charges. Changpeng Zhao, the Binance founder and convicted felon says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one. On a Farokh Radio podcast episode aired May 6 Zhao, also known as CZ, said that he wouldn't mind a pardon and that his lawyers have already filed the paperwork on hisThis plea was part of a broader agreement between CZ, Binance, and the U.S. Binance founder Changpeng Zhao (CZ) confirmed that he applied for a pardon from Donald Trump for his money laundering conviction, despite earlier denials. Speaking on a podcast, Zhao revealed that he had his lawyers file the necessary paperwork shortly after media reports in March suggested he was seeking a pardon amid discussions of aDepartment of Justice.

The Money Laundering Allegations

The core of the charges against CZ and Binance centered around their failure to maintain an effective anti-money laundering (AML) program. maintain an effective anti-money laundering program at Binance.2 Binance itself also pleaded guilty to criminal charges. 3 Mr. Zhao s and Binance s failure to comply with the law facilitated transactions with sanctioned entities and potentially compromised U.S. national security. 4 As theU.S. authorities alleged that Binance's lax AML controls allowed illicit funds to flow through the exchange, facilitating transactions with sanctioned entities and potentially compromising U.S. national security.These failures included:

• Lack of proper Know Your Customer (KYC) procedures
• Insufficient monitoring of suspicious transactions
• Failure to report suspicious activity to authorities

Binance's Criminal Charges

In addition to CZ's guilty plea, Binance itself pleaded guilty to criminal charges related to these AML violations.The exchange agreed to pay a hefty fine and implement significant changes to its compliance program to address the deficiencies identified by U.S. regulators. Binance founder CZ asked Trump to pardon money laundering conviction Posted by By admin No Comments Posted in Finance Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one.This marked a watershed moment for the cryptocurrency industry, signaling a heightened level of scrutiny and enforcement by regulatory agencies.

The Pursuit of a Pardon: Strategy and Potential Outcomes

CZ's decision to seek a pardon from Donald Trump is a calculated move with potentially significant consequences.Presidential pardons are a powerful tool that can grant forgiveness for federal crimes, offering a fresh start and restoring certain rights to the convicted individual.

The Process of Seeking a Presidential Pardon

The process of seeking a presidential pardon typically involves submitting a formal application to the Office of the Pardon Attorney within the Department of Justice.This application requires detailed information about the applicant's background, the crime they were convicted of, and the reasons why they believe they deserve a pardon.The Office of the Pardon Attorney reviews the application and makes a recommendation to the President, who ultimately has the sole discretion to grant or deny the pardon.

Factors Influencing the Decision

Several factors could influence Donald Trump's decision on CZ's pardon request, including:

• The severity of the crime: While money laundering is a serious offense, the specific circumstances of CZ's case may be considered.
• CZ's cooperation with authorities: CZ's willingness to plead guilty and cooperate with the investigation may be viewed favorably.
• Political considerations: Trump's views on cryptocurrency and financial regulation could play a role.
• Public opinion: The potential backlash from granting a pardon to a convicted money launderer could also be a factor.

Potential Outcomes and Implications

If Trump grants CZ a pardon, it could have several significant implications:

1. Easing of Restrictions: A pardon could ease some of the restrictions currently imposed on CZ, potentially allowing him to travel more freely and engage in business activities.
2. Reputational Boost: While a pardon wouldn't completely erase CZ's past, it could help rehabilitate his reputation and restore some of his credibility within the crypto industry.
3. Impact on Binance: A pardon could have a positive impact on Binance, as it could signal a greater level of acceptance and legitimacy from U.S. authorities.

However, it's important to note that a pardon wouldn't necessarily absolve CZ of all legal consequences.He could still face civil lawsuits or regulatory actions related to his conduct at Binance.

The Broader Impact on Cryptocurrency Regulation

The CZ pardon request also raises broader questions about cryptocurrency regulation and the enforcement of AML laws in the digital asset space.The case against CZ and Binance served as a wake-up call for the industry, highlighting the need for stronger compliance measures and greater regulatory oversight.

The Need for Clearer Regulations

One of the key takeaways from the Binance case is the need for clearer and more comprehensive regulations governing cryptocurrency exchanges and other digital asset businesses. Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one. Zhao, also known as CZ, said on a Farokh Radio podcast episode aired May 6 that he wouldn t mind a pardon and that his lawyers have already filed the paperwork on hisThe lack of clear rules and guidelines has created uncertainty and allowed some companies to operate in a gray area, making it easier for illicit funds to flow through the system.

Strengthening AML Compliance

Another crucial aspect is the need for cryptocurrency businesses to strengthen their AML compliance programs.This includes implementing robust KYC procedures, monitoring transactions for suspicious activity, and reporting suspicious activity to authorities.Companies that fail to take these steps risk facing severe penalties and reputational damage.

International Cooperation

Given the global nature of the cryptocurrency industry, international cooperation is essential for effective regulation and enforcement.Countries need to work together to share information, coordinate enforcement actions, and develop common standards for AML compliance. News Summary: Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one.Zhao, also known as CZ, said on a Farokh Radio podcast episode aired May 6 that he ldquo;wouldn rsquo;t mind rdquo; a pardon and that his lawyers have already filed the paperwork on his behalf ldquo;I gotThis will help prevent criminals from exploiting regulatory loopholes and using cryptocurrencies to launder money or finance terrorism.

CZ's Future: Beyond Binance and Potential Pardon

Regardless of the outcome of his pardon request, CZ's future remains a subject of intense speculation.Having stepped down as CEO of Binance, he is no longer directly involved in the day-to-day operations of the exchange.However, he still holds a significant stake in the company and retains considerable influence within the crypto industry.

Ventures and Investments

It is expected that CZ will likely pursue new ventures and investments in the cryptocurrency and blockchain space.He has already expressed interest in supporting innovative projects and helping to shape the future of the industry. Binance founder and convicted felon Changpeng Zhao says that he utilized for a pardon from US President Donald Trump shortly after denying stories that he was searching for one. Zhao, also called CZ, stated on a Farokh Radio podcast episode aired Could 6 that he wouldn t thoughts a pardon and that his legal professionals have [ ]With his deep knowledge and experience, CZ could play a significant role in driving innovation and adoption of cryptocurrencies.

Maintaining a Low Profile?

Alternatively, CZ may choose to maintain a lower profile and focus on personal endeavors.The legal battles and intense scrutiny he faced during his time at Binance likely took a toll, and he may want to take a step back and recharge. Binance founder CZ Zhao asked Trump to pardon money laundering conviction Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one.However, given his passion for cryptocurrency and his entrepreneurial spirit, it's unlikely that he will completely disappear from the scene.

The Possibility of a Comeback

While it's uncertain whether CZ will ever return to a leadership role at Binance or another major cryptocurrency company, the possibility cannot be ruled out. Changpeng CZ Zhao, founder and former CEO of Binance, confirmed on a podcast that he has formally applied for a presidential pardon from Donald Trump less than a year after serving aIf he is granted a pardon and can successfully rehabilitate his reputation, he may be able to carve out a new niche for himself in the industry. Changpeng Zhao, former Binance CEO, resigned in 2025 after pleading guilty to money-laundering charges.However, any comeback would likely be met with skepticism and require him to demonstrate a strong commitment to compliance and ethical behavior.

Addressing Common Questions About the CZ Pardon Request

The news surrounding CZ's pardon request has sparked numerous questions and concerns within the crypto community and beyond.Here are some of the most frequently asked questions, along with detailed answers:

Will a Pardon Erase CZ's Criminal Record?

No, a presidential pardon does not erase a criminal record.It is an act of forgiveness that restores certain rights, such as the right to vote, hold public office, and possess firearms.However, the conviction remains on the individual's record, and it can still be considered in certain circumstances, such as when applying for certain types of licenses or jobs.

Does a Pardon Mean CZ is Innocent?

No, a pardon is not a declaration of innocence.It is an acknowledgment that the individual has accepted responsibility for their actions and has demonstrated a willingness to make amends.A pardon can be granted for a variety of reasons, including remorse, rehabilitation, or extenuating circumstances.

Can Binance Still Operate in the US?

Binance's ability to operate in the U.S. is complex and subject to ongoing regulatory scrutiny. The WSJ said that the exchange giant's founder Changpeng CZ Zhao, who is the firm's largest shareholder, was also seeking a pardon, citing people familiar with the matter. Zhao, who was then the company's CEO, pleaded guilty on money laundering charges in November 2025 and served four months in prison. Zhao denied the WSJ report in an X post.While Binance reached a settlement with U.S. authorities regarding past compliance failures, the exchange still faces challenges in obtaining the necessary licenses and approvals to operate fully within the country. Binance founder CZ has officially requested a Trump pardon for his money laundering conviction, though he doesn't plan to return as CEO. By Maisie Morrison No Comments 3 Mins Read Telegram Twitter LinkedIn WhatsApp Facebook EmailThe regulatory landscape for cryptocurrencies in the U.S. is constantly evolving, and Binance's future in the U.S. market will depend on its ability to comply with all applicable laws and regulations.

What are the Long-Term Implications for Binance?

The long-term implications for Binance are significant, regardless of the outcome of CZ's pardon request. After denying the rumors, Changpeng Zhao (CZ) finally confirmed having requested a presidential pardon from Donald Trump. The Binance founder, convicted of money laundering in 2025, hopes to ease the restrictions imposed on him since his release from prison.The company has already taken steps to strengthen its compliance program and improve its relationship with regulators.However, it will need to continue to demonstrate a commitment to transparency and ethical behavior in order to maintain the trust of its users and the broader crypto community. Next post: Changpeng Zhao CZ Confirms He Has Applied for Trump Pardon After Prison TermThe Binance case has set a precedent for greater regulatory scrutiny of cryptocurrency exchanges, and the company will need to adapt to this new environment in order to thrive in the long run.

Conclusion: A Pivotal Moment for CZ and the Crypto Industry

Changpeng Zhao's request for a presidential pardon from Donald Trump represents a pivotal moment, not only for CZ himself but also for the broader cryptocurrency industry. Changpeng Zhao, the Binance founder and convicted felon says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one.The outcome of this request will have far-reaching implications, shaping perceptions of accountability, regulatory enforcement, and the future of digital finance.Whether Trump grants the pardon or not, the CZ case has already served as a catalyst for greater scrutiny and regulation of the cryptocurrency space.

Key Takeaways:

• CZ's pardon request highlights the ongoing challenges of regulating cryptocurrency exchanges and ensuring compliance with AML laws.
• The case underscores the importance of clear regulations, strong compliance programs, and international cooperation in the digital asset space.
• CZ's future, regardless of the pardon outcome, will likely involve new ventures and investments, but perhaps with a more cautious and compliance-focused approach.

The cryptocurrency community will be closely watching the developments surrounding CZ's pardon request, as it will undoubtedly have a lasting impact on the industry's trajectory.Stay informed, do your research, and always prioritize security when navigating the world of digital assets.