{"id":54831,"date":"2025-10-25T17:01:33","date_gmt":"2025-10-25T17:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=54831"},"modified":"2025-10-25T17:01:33","modified_gmt":"2025-10-25T17:01:33","slug":"trumps-cz-pardon-sparks-fury-congresswoman-leads-the-backlash","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=54831","title":{"rendered":"Trump\u2019s CZ Pardon Sparks Fury \u2014 Congresswoman Leads The Backlash"},"content":{"rendered":"
\n

US President Donald Trump signed a pardon for Binance founder Changpeng \u201cCZ\u201d Zhao on October 23, 2025, clearing a federal conviction tied to anti-money-laundering failures.<\/p>\n

According to Reuters<\/a> and the Associated Press, Zhao had pleaded guilty in 2023, paid a $50 million fine, and served about four months in prison. Binance itself agreed to more than $4 billion in penalties related to US enforcement actions.<\/p>\n

Lawmakers Demand Answers<\/h2>\n

Representative Maxine Waters, the top Democrat on the House Financial Services Committee, called the pardon \u201cappalling but unsurprising\u201d<\/a> and accused the administration of favoring wealthy insiders.<\/p>\n

Based on reports<\/a> from her office, Waters alleges that CZ spent months lobbying the president and his family and \u201cfunneled billions\u201d into a Trump-linked crypto venture, World Liberty Financial. She and other Democrats said they want records and explanations.<\/p>\n

<\/p>\n

Markets reacted quickly after the announcement. Trading data showed Binance\u2019s native token BNB rising in intraday trading, with some estimates putting gains between about 3% and 8% at peak moments.<\/p>\n

Reported trading volume jumped roughly 35% above recent averages on some platforms as traders digested the news. Some investors said the pardon<\/a> might reduce near-term regulatory risk for Binance-related assets.<\/p>\n

Legal Context And Reaction<\/h2>\n

Zhao\u2019s conviction stemmed from charges under the Bank Secrecy Act for failing to establish an effective anti-money-laundering program.<\/p>\n

He accepted a $50 million penalty and served approximately four months behind bars. The presidential pardon removes the federal criminal conviction from his record but does not erase the facts of the case or the company\u2019s settlement.<\/p>\n

According to multiple outlets, CZ expressed gratitude for the pardon and said he hopes to support US crypto efforts going forward.<\/p>\n

\n

Deeply grateful for today\u2019s pardon and to President Trump for upholding America\u2019s commitment to fairness, innovation, and justice.
\n\"\ud83d\ude4f\"\"\ud83d\ude4f\"\"\ud83d\ude4f\"\"\ud83d\ude4f\"<\/p>\n

Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide.<\/p>\n

(Still in flight, more posts to come.)\u2026<\/p>\n

\u2014 CZ \"\ud83d\udd36\" BNB (@cz_binance) October 23, 2025<\/a><\/p>\n<\/blockquote>\n

Political figures responded sharply. Senator Elizabeth Warren and other Democrats blasted the decision and raised concerns about influence and fairness.<\/p>\n

Some Republican lawmakers framed the move as a reset for US engagement with the crypto sector. Reports have disclosed that congressional offices are weighing oversight steps to probe any private meetings, donations, or contracts tied to the pardon.<\/p>\n

At the same time, exact financial links referenced in Waters\u2019s statement remain incomplete in public filings.<\/p>\n

Featured image from Getty Images, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

US President Donald Trump signed a pardon for Binance founder Changpeng \u201cCZ\u201d Zhao on October 23, 2025, clearing a federal conviction tied to anti-money-laundering failures. According to Reuters and the Associated Press, Zhao had pleaded guilty in 2023, paid a $50 million fine, and served about four months in prison. Binance itself agreed to more […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-54831","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/54831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54831"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/54831\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}