He further denied claims that he wanted a presidential pardon from Trump, which could potentially allow him to assume an operational or management role at Binance.“No felon would mind a pardon, especially being the only one in US history who was ever sentenced to prison for a single BSA [Bank Secrecy Act] charge,” said CZ.“Feels like the article is motivated as an attack on the President and crypto, and the residual forces of the ‘war on crypto’ from the last administration are still at work.”CZ’s statement on a March 13 Wall Street Journal report.
However, according to the US Justice Department, a pardon will “facilitate removal of legal disabilities imposed because of the conviction,” e.g., potentially removing any restrictions on Zhao’s involvement with the crypto industry. Related: Abu Dhabi’s MGX backs Binance with $2B stablecoin investmentThe 2023 deal with Binance did not resolve the US Securities and Exchange Commission’s (SEC’s) civil case with the crypto exchange.
Former Binance CEO Changpeng “CZ” Zhao has denied many of the claims in a Wall Street Journal report suggesting that he has been actively seeking a federal pardon from US President Donald Trump.
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Author / Journalist: Cointelegraph by Turner Wright
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