Cryptocurrency enthusiasts have thought that former Binance CEO Changpeng “CZ” Zhao is closer to receiving a forgiveness from US President Donald Trump after a change in his social media profile.
Zhao’s odds of receiving a forgiveness from Trump on the polymarket prediction platform increased to a full time high 64% on Saturday, but they had dropped to 45% at the time of publication.
Many users mentioned On Wednesday, Zhao removed the tag “Ex-@Binance”-he added in 2023 after dropping as CEO under a US deal-which suggests that he will no longer avoid himself from the exchange he established in 2017.
A presidential pardon may allow CZ to resume a management or operating role in Binance – something to replace said is on the table As part of dealing with US officials.
After going down in November 2023, Zhao he said “There is no plan to return to the CEO’s position.” However, in May, He confirmed Having the direction of his lawyers to apply for a forgiveness from Trump.
Trump has discharged For Silk Road founder Ross Ulbricht, and Bitmex co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed.
Cointelegraph reached a Binance spokesman for commenting, but did not receive a response at the time of publication.
Related: CZ sounds alarm while the ‘seal’ team does not see 60 fake IT workers linked to North Korea
Binance Deal is still under investigation from lawmakers
Zhao Served four months in prison In 2024 after seeking a sin on a money laundering charge for his failure to maintain an effective anti-money laundering program during Binance.
The exchange has to pay $ 4.3 billion as part of the US officials, and Richard Teng has served as CEO from Zhao’s departure.
In addition to financial penalties, Binance’s global operation is subject to a three -year compliance monitoring. However, some lawmakers in the United States have raised concerns about reports of meetings between Binance executives and Treasury Department officials, asking if they can seek to change the agreement of 2023.
“Since May, President Trump and his family have increased their financial finances through their company, World Liberty Financial, and this week, news broke that Binance could ‘move on to a potential deal with the US Justice Department that would allow it to fall’ out of compliance with compliance – a ‘key oversight needed for $ 4.3 billion Says Three democratic senators in a letter Wednesday to the US Attorney General Pam Bondi.
Senator Elizabeth Warren, who signed the letter Wednesday, also Raised Concerns about Zhao’s so -called “financial finances in the President’s family” amid reports of a forgiveness in May. The US president did not comment on the public for any deal on Thursday.
Magazine: Bitcoin Mining Industry ‘dead dead in 2 years’: bit digital CEO
