Changpeng Zhao (CZ), founder of Binance, has officially submitted a legal application for a U.S. presidential pardon. This marks his first confirmed request following earlier reports of denial regarding pardon negotiations. The application, filed two weeks ago, comes after major media outlets, such as Bloomberg and Wall Street Journal, reported on the subject.
CZ stated that his decision to apply was influenced by these articles, clarifying previous denials of ongoing negotiations. Despite the announcement, Binance’s operations continue smoothly under new leadership, with no immediate market shakeup observed. Regulatory compliance and legal challenges in the cryptocurrency industry remain points of close attention.
CZ compared his ongoing legal situation to that of Arthur Hayes (BitMEX), indicating a precedent for differing legal outcomes in similar industry cases. Experts suggest such high-profile events may impact the direction of future regulations.
No significant market fluctuations were recorded after the news, and Binance’s market position remains stable. Industry watchers are monitoring these legal precedents for potential regulatory shifts.
