CZ Pushes for U.S. Crypto Dominance After Presidential Pardon
After receiving a presidential pardon from Donald Trump in October 2025, Changpeng "CZ" Zhao, the founder of Binance, is making a comeback in the U.S. public arena. He stepped down as CEO of Binance in November 2023 following his guilty plea for violations of the Bank Secrecy Act, which led to a four-month prison sentence from April to September 2024. CZ's vision is to transform the U.S. into the "capital of crypto," pushing for Binance.US to utilize Binance Global's order book to lower trading costs. He continues to hold the largest share in Binance and is a board member of Binance.US. As of April 2026, he ranks as the 17th richest individual globally, boasting a net worth of $111.1 billion, despite facing trust issues after his pardon.
Key facts
- Changpeng Zhao received a presidential pardon from Donald Trump in October 2025.
- CZ resigned as Binance CEO in November 2023 after DOJ alleged Bank Secrecy Act violations.
- He served four months in prison from April to September 2024.
- CZ wants to allow Binance.US to access Binance Global's deeper order book to improve liquidity.
- Bitcoin hit an all-time high above $126,000 in October 2025 and dropped to near $60,000.
- CZ's net worth is estimated at $111.1 billion as of April 2026.
- He praised the GENIUS Act but called the Clarity Act 'small, tactical things.'
- CZ is investing through YZi Labs and advising portfolio companies.
Entities
Artists
- Changpeng Zhao
Institutions
- Binance
- Binance.US
- CoinDesk
- U.S. Department of Justice
- Forbes
- YZi Labs
Locations
- United States
- Washington
- Miami