{"id":539800,"date":"2025-10-23T22:30:35","date_gmt":"2025-10-23T17:00:35","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=539800"},"modified":"2025-10-23T23:46:24","modified_gmt":"2025-10-23T18:16:24","slug":"trump-faces-pay-for-crime-backlash-after-pardoning-binance-founder-cz","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/trump-faces-pay-for-crime-backlash-after-pardoning-binance-founder-cz\/","title":{"rendered":"Trump faces ‘pay-for-crime’ backlash after pardoning Binance founder CZ"},"content":{"rendered":"

Key Takeaways<\/b><\/h2>\n

Why is Trump’s CZ pardon controversial?<\/b><\/h3>\n

President Donald Trump’s decision to pardon Binance founder Changpeng “CZ” Zhao has sparked accusations of “pay-for-crime”.<\/span><\/i><\/p>\n

What does it mean for crypto and politics?<\/b><\/h3>\n

The move deepens Trump’s reputation as a pro-crypto candidate but raises new ethical questions.<\/span><\/p>\n

\n

President Donald Trump’s decision to pardon Binance<\/a> founder Changpeng “CZ” Zhao has triggered widespread backlash. <\/span><\/p>\n

Critics are accusing him of “selling justice” and using presidential clemency to reward political and financial allies in the crypto industry.<\/span><\/p>\n

Binance founder\u2019s pardon kicks up dust<\/b><\/h2>\n

The pardon, <\/span>announced<\/span><\/a> on 23 October, wipes CZ’s 2023 conviction for Bank Secrecy Act violations. The case centered on Binance’s alleged role in facilitating transactions for sanctioned entities through its platform.\u00a0<\/span><\/p>\n

CZ had served a four-month prison term<\/a> and was barred from holding executive positions within Binance.<\/span><\/p>\n

Trump’s pardon clears those restrictions, allowing CZ to return to U.S. business and reclaim a leadership or advisory role at the world’s largest cryptocurrency exchange.<\/span><\/p>\n

Allegations of political favoritism<\/b><\/h2>\n

Critics allege that the pardon may not have been an act of leniency but one of political reward.\u00a0<\/span><\/p>\n

Blockchain researcher <\/span>Adam Cochran<\/span><\/a> was among the first to label the move “disgusting,” accusing Trump of “legalizing crime for those who can pay.”<\/span><\/p>\n

\"Trump<\/a>
Source: X<\/figcaption><\/figure>\n

Cochran claimed that Binance, under Zhao’s direction, had “knowingly allowed groups like Hamas and Wagner to use its exchange” \u2014 and later partnered with Trump-linked entities before the pardon.\u00a0<\/span><\/p>\n

He cited Binance’s association with World Liberty Financial, a venture connected to Trump’s political circle, and Dominari Holdings, a firm tied to Trump’s family and headquartered in Trump Tower.<\/span><\/p>\n

According to Cochran, Binance also invested in related projects through YZi Labs, a restructured version of Binance’s former venture arm, prior to Zhao receiving his pardon.<\/span><\/p>\n

“This is the clearest case yet of pay-for-crime,” Cochran wrote on X. “Trump has made clear that crime is legal in America as long as you can pay him enough.”<\/span><\/p>\n

Other <\/span>social media users<\/span><\/a> claimed that Binance coordinated large market sell-offs earlier this month to profit insiders linked to Trump. They alleged this was a “deal” that secured Zhao’s pardon. These claims remain unverified.<\/span><\/p>\n

No official response<\/b><\/h2>\n

Neither the Trump campaign nor Binance has issued a public statement addressing the allegations.\u00a0<\/span><\/p>\n

Trump’s prior remarks on crypto policy have emphasized his intent to “restore innovation and leadership in American blockchain technology.” <\/span><\/p>\n

The message aligns with his recent pardons for high-profile figures in the sector, including Ross Ulbricht.\u00a0<\/span><\/p>\n

Additionally, the DOJ has recently reached an agreement with Roger Ver regarding a crypto tax lawsuit.<\/span><\/p>\n

BNB rebounds amid controversy<\/b><\/h2>\n

Despite the uproar, Binance Coin [BNB] surged more than 4% to trade around $1,142 at press time, according to TradingView data.\u00a0<\/span><\/p>\n

\"Binance<\/a>
Source: TradingView<\/figcaption><\/figure>\n

The token’s Accumulation\/Distribution (A\/D) indicator showed renewed buying activity, suggesting investors viewed the news as a net positive for Binance’s future.<\/span><\/p>\n

If momentum continues, analysts expect BNB could challenge resistance near $1,200, a level last reached in early October before the recent market correction.<\/span><\/p>\n

A political and market flashpoint<\/b><\/h2>\n

Trump’s decision to pardon Zhao highlights his administration’s growing alignment with the crypto sector. This stance sharply contrasts with the tougher regulatory posture under previous leadership.<\/span><\/p>\n

However, the accusations of “pay-for-crime” have opened a new front in the debate over the intersection of money, politics, and digital assets. <\/span><\/p>\n

For critics, the CZ pardon marks a troubling moment where presidential power and crypto influence may have collided.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Trump\u2019s full pardon of Binance founder CZ has divided the crypto community, with critics claiming it reflects a \u201cpay-for-crime\u201d arrangement tied to Trump-linked ventures.<\/p>\n","protected":false},"author":76,"featured_media":539803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[6378,66,3,4,20],"tags":[6428],"class_list":["post-539800","post","type-post","status-publish","format-standard","has-post-thumbnail","category-binance-news","category-new-news","category-news","category-social","category-trading-view","tag-new-news"],"acf":[],"yoast_head":"\nTrump faces 'pay-for-crime' backlash after pardoning Binance founder CZ - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Donald Trump\u2019s pardon of Binance founder CZ has ignited accusations of \u201cpay-for-crime,\u201d with critics alleging links.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/trump-faces-pay-for-crime-backlash-after-pardoning-binance-founder-cz\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump faces 'pay-for-crime' backlash after pardoning Binance founder CZ - 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