TechFlow news, October 24 — According to The New York Times, Trump has granted a pardon to CZ, the convicted founder of cryptocurrency exchange Binance. This pardon is likely to pave the way for Binance's return to the U.S., after the company admitted in 2023 to violating U.S. anti-money laundering regulations and was banned from operating in the country. It may also lead to an early end to the Department of Justice’s three-year monitoring period over Binance.
The monitoring aims to ensure the company complies with U.S. financial crime laws. However, unless additional approval is granted by Trump or the Treasury Secretary, the pardon may not terminate a separate independent monitor independently established by the Treasury Department. Additionally,知情人士 revealed that lobbyist Ches McDowell played a significant role in helping secure the pardon for CZ.
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