US President Donald Trump has added Binance founder Changpeng Zhao (CZ) to his list of pardons. Donald Trump announced last night that he had pardoned CZ, the founder of Binance, the world's largest cryptocurrency exchange. According to sources familiar with the matter, the pardon was signed the day before and the decision symbolizes a significant shift in the Trump administration's approach to the cryptocurrency sector. Why Donald Trump Pardoned Binance Founder CZ! He explained why Trump, who previously said he did not know CZ, pardoned the Binance founder. Trump told reporters that he did not know CZ personally and had never met him, adding that CZ was innocent and that the pardon granted to him was a result of the advice and support of many good people. Describing the case as “political persecution by the Biden administration,” Trump stated that the pardon was granted upon request. When asked if the pardon decision had any connection between Binance and the Trump family's crypto ventures, Trump told the reporter they “don't understand crypto” and criticized the media for “fake news.” White House Press Secretary Karoline Leavitt confirmed in a statement that President Trump had pardoned CZ “using his constitutional authority.” Leavitt also stated, “The Biden administration's war on crypto is over.” Trump’s pardon of CZ resonated heavily both in the crypto markets and in Washington, with the decision being hailed as the “end of the war” on crypto by the previous Biden administration. It was also stated that Trump's pardon of CZ, after BitMEX founders Arthur Hayes, Samuel Reed and Benjamin Del, and Silk Road creator Ross Ulbricht, signaled a pro-crypto stance. *This is not investment advice.