Trump's Pardon of CZ Results From Extensive Lobbying Efforts
Former Binance CEO Changpeng Zhao received a pardon from Trump following a costly lobbying initiative in Washington, amounting to $450,000 for lobbyists and $290,000 for legal counsel.
Former Binance CEO Changpeng “CZ” Zhao received a pardon from US President Donald Trump after an extensive and costly lobbying campaign in Washington. The report indicates that Zhao’s pardon was influenced by a total of $450,000 paid to lobbyists associated with Trump and $290,000 to Teresa Goody Guillén, a lawyer with ties to crypto legislation.
In the lobbying campaign, Binance engaged Ches McDowell, an ally of Trump Jr., spending significant amounts to persuade key players to support relief for Zhao.
CZ and Trump lobbying
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CZ’s pardon follows months of intense lobbying after he served four months in prison last year for breaching US Anti-Money Laundering laws. In a recent statement after the pardon, Waters criticized the decision as favoring those engaged in crypto crime.
