Trump Shocks Crypto Haters After Pardoning Crypto Kingpin CZ…

Crypto is so back… 

So it appears, crypto is officially back in clown mode. Yesterday, President Trump gave Binance founder Changpeng “CZ” Zhao a full presidential pardon… the same CZ who pleaded guilty to enabling money laundering and cut a $4.3 billion check to the DOJ just last year. He already served his four-month sentence. Now he’s free, tweeting gratitude from 30,000 feet like a man who just got his private keys back.

Live look at SBF right now:

 

(Source: Giphy) 

Now for those just catching up here, CZ was convicted for what the feds called “willfully ignoring anti–money laundering laws”... which, for Crypto, just means “doing business.” He was the face of Binance, the exchange that grew so fast it made Coinbase look like a lemonade stand. In 2023, the DOJ hit him with charges, Binance paid a record fine, and CZ stepped down to serve his slap-on-the-wrist sentence. Now, it should’ve ended there, but Trump is gonna Trump… and he saw an opportunity. 

(Source: Giphy) 

The White House statement framed it as “a victory for fairness, innovation, and American leadership in digital assets.” Translation: the crypto lobby finally bought something that actually worked. NBC later reported that Binance paid $450,000 to a lobbying firm connected to Donald Trump Jr., pushing for “executive relief.” You can guess how that conversation went: “Hey Don, your dad’s the president again. Our guy’s in prison for helping people trade coins. Can we, uh… fix that?” And fix it they did. 

Naturally, the Swamp queen herself, Elizabeth Warren,  immediately called it “corruption.” Binance called it “incredible news.” CZ called it “justice.” Everyone else called it what it is: the first crypto pardon in U.S. history. And yet, you have to admire the symmetry here. The guy who ran the world’s largest offshore casino just got pardoned by the guy who turned the White House into a launchpad for meme coins. Which begs the question, “do we live in a simulation?” Yes. 

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Additionally, Trump’s press secretary claimed the pardon was justified because “there were no identifiable victims.” Which is technically true… unless you count the U.S. Treasury, the SEC, and every compliance officer who aged ten years trying to track Binance’s money flows. In which case, it is justified LOL. But politically, it’s a statement. The “Biden war on crypto” is over. The Trump era of “we’re all gonna make it” is back.

Aaaaaand suddenly, Trump’s token portfolio just 10x’ed in spirit. Until next time, friends… 

At the time of publishing, Stocks.News does not hold positions in companies mentioned in the article.