On October 24, 2025, President Donald Trump indicated that Changpeng “CZ” Zhao, the founder of Binance, received a pardon highly recommended by numerous individuals from the crypto sector. CZ expressed his commitment to help make America the center of crypto and promote Web3 globally after this favorable decision.

“Will do everything we can to help make America the capital of crypto and advance Web3 worldwide.” - CZ

Following his pardon, CZ updated his X bio, introducing a hint of a potential return to Binance, heightening speculations around the exchange possibly re-entering the U.S. market, as reported by Bloomberg.

CZ’s Pardon

Source: CZ

David Namdar, the CEO of BNB Network Company, noted that CZ’s pardon could be pivotal for Binance and BNB, potentially increasing accessibility to the U.S. market. He remarked that BNB has often been overlooked by Western traders, despite its stability and recent price surge.

David Namdar

Source: David Namdar

The discussion surrounding Binance’s return highlights a potential influx of trading volumes in the U.S., benefiting retail traders. Binance had previously established Binance.US in 2019 to cater to U.S. users while adhering to regulatory requirements.

Political Reactions

Trump mentioned that a large number of individuals in the crypto community supported CZ’s pardon, implying he was wrongfully treated during the Biden administration.

“A lot of people say that he wasn’t guilty of anything. He served four months in jail, and they say that he was not guilty of anything.” - Donald Trump

However, the pardon has drawn criticism from some U.S. lawmakers, particularly from influential Democrats such as Maxine Waters and Elizabeth Warren. Waters criticized the pardon as a sign of the crypto industry’s influence over Trump.

Donald Trump

Source: The White House

As discussions unfold, it remains to be seen how this will impact Binance’s future and the broader crypto landscape.