Trump Pardons CZ: A Personal Turning Point with Far-Reaching Implications for the "Crypto Wars"

BlockBeats News, October 24th. Today, White House Press Secretary Caroline Levitt stated in an official announcement that "President Trump has exercised his constitutional power to pardon CZ. CZ was indicted during the Biden administration's cryptocurrency crackdown, and the sentence was deemed too severe. The cryptocurrency war has now ended." The pardon of CZ is seen not only as a turning point in his personal fate but also widely interpreted as a strong signal of the U.S. government's shift in cryptocurrency industry policy, indicating that the cryptocurrency industry is receiving higher political attention and a more relaxed regulatory environment. A presidential pardon will not completely erase the charges, but it can restore some rights. The pardon could potentially allow CZ to return to Binance's management team or once again open the door for Binance to operate in the United States.

In early September this year, rumors began circulating about CZ possibly receiving a pardon after he quietly removed the "former @binance" tag from his personal profile. Initially, CZ denied reports that he was seeking a pardon, but later admitted on a podcast that he had submitted a formal pardon request. His criminal record had been a thorny issue in Binance's business dealings, affecting its ability to obtain regulatory licenses worldwide and open bank accounts. Although CZ has stepped down as CEO, his personal reputation and industry influence remain crucial to Binance, and the pardon will boost confidence in Binance in the global market.

However, Trump's pardon decision for CZ is likely to face strong scrutiny from Democrats. Earlier this year, Democrats demanded that the Trump administration provide detailed explanations of its dealings with Binance and CZ regarding the pardon, explicitly pointing out ethical concerns about the financial ties between Binance and the Trump family. While Trump's move has brought positive news to the market, the cryptocurrency sector's reliance on Trump's political status has become an implicit unknown factor, with the focus now shifting to Trump's performance in the 2026 midterm elections.