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President donald trump has pardoned binance founder changpeng zhao, who had previously pleaded guilty to enabling money laundering while heading the cryptocurrency exchange, the white house. The clemency for changpeng zhao—the tycoon known as cz—surprised some in the administration. The trump administration has recast binance founder cz as a martyr—and his pardon may have unintended consequences for the us crypto industry.

Changpeng zhao, founder of the world's largest cryptocurrency exchange binance, has been pardoned by us president donald trump Binance facilitated a $2 billion purchase of world liberty’s stablecoin and built its technology Zhao, also known as cz, was sentenced to four months in.

President trump says he still doesn’t know who binance founder and former ceo changpeng zhao is, despite having pardoned zhao last month

Cbs correspondent norah o’donnell asked trump about.

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