The Biden Administration sought to imprison Mr. Zhao for three years, a sentence so outside the Sentencing Guidelines that even the judge stated he had never encountered such a case in his 30-year career. “These actions by the Biden Administration severely damaged the United States’ reputation as a global leader in technology and innovation,” she continued. “The Biden Administration’s war on crypto is over.”
Zhao was released from prison in September 2024, almost a year after pleading guilty to American money laundering charges.
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In 2021, Binance was investigated by the Biden administration concerning allegations of money laundering and tax crimes. The company, alongside Zhao, pleaded guilty in November 2023. Reports have also indicated that Zhao was actively pursuing a presidential pardon for several months.
Furthermore, Binance and Zhao have been closely involved in supporting the Trump family’s launch of World Liberty Financial, a cryptocurrency company established ahead of last year’s election. World Liberty Financial has reportedly increased the Trump family’s wealth by hundreds of millions, if not billions, of dollars this year.
https://www.washingtonexaminer.com/news/white-house/3861521/trump-pardon-changpeng-zhao-binance-founder/
