Will #Trump extend presidential pardon to Binance’s #CZ ? 2 strong reasons it might happen

As ドナルド・トランプ returns to the US presidency again, his pro-crypto stance has sparked optimism for バイナンス. IOHK founder チャールズ・ホスキンソン and crypto advisor and VC ジョン・リリック are calling for a pardon for Binance founder チャンポン・ジャオ.

Many hope that the crypto industry will mature at least in the regulatory framework under pro-crypto administrators. This could cut short financial windfalls for regulated businesses in the sector. However, its impact on バイナンス is speculative at best at the time of writing.

🔸 Why are there calls for a Presidential Pardon for CZ?

A Presidential Pardon is a legal act. In the US, the POTUS has the power to forgive a person for a federal crime. Well, it doesn’t mean they will automatically become innocent. The act just removes legal consequences like jail time or fines.

Cardano and IOHK founder チャールズ・ホスキンソン and crypto-economic builder and VC ジョン・リリック are backing a plea urging incoming US President ドナルド・トランプ to pardon バイナンス founder チャンポン・ジャオ. リリック argues that CZ’s leadership is important for the crypto industry while describing him as a victim of “lawfare”—a misuse of legal systems to bring down opponents.

In the past, crypto advocate マックス・カイザー alleged that サム・バンクマン・フリード, the disgraced founder of FTX would get a presidential pardon by incriminating CZ. In April, チャンポン・ジャオ received a four-month prison sentence for allowing criminal trades on バイナンス. He was released in September. After the guilty sentence in November 2023, CZ had to step down as the CEO of バイナンス.

SBF will throw CZ under the bus and then he’ll get a Presidential pardon.— マックス・カイザー (@maxkeiser) October 28, 2023

In the interim, SBF remains in jail completing his 25-year sentence for multiple criminal accounts and fraud charges. Over the months, commentators have argued that CZ has been unfairly targeted amid shifting regulatory policies, while SBF continues to face serious accusations of fraud and financial misconduct.