President Donald Trump has pardoned Changpeng Zhao, the founder of the cryptocurrency exchange Binance. This decision marks a significant change in the cryptocurrency sector.

Trump's pardon is seen as a response to the Biden administration's harsh stance on the cryptocurrency industry. White House spokesperson Karoline Leavitt stated that Trump used his constitutional authority to make this decision.

Zhao had agreed to pay a fine of 50 million dollars as part of a settlement with the U.S. government. However, Trump's pardon is interpreted as a sign of political support for the cryptocurrency sector and a way to clear Zhao's record.

These developments may pave the way for Binance to re-enter the U.S. market. Zhao had served a four-month prison sentence in 2024, and this pardon could allow him to return to business life.