CZ, the founder and former CEO of Binance, has expressed his openness to receiving a presidential pardon from U.S. President-elect Donald Trump.
While he has no intention of returning as the CEO of Binance, CZ indicated that such a gesture would be welcomed.
In a recent post on X, CZ wrote:
“No wish to be CEO again. But definitely wouldn’t mind a pardon.”
Calls for Pardon Gain Momentum
The suggestion of a pardon was initially made by John Lilic, a member of The Telos Foundation, who publicly appealed to Trump to consider pardoning CZ. Lilic argued that restoring CZ’s leadership at Binance could accelerate the growth and maturity of the cryptocurrency sector.
“President Trump should consider a pardon for CZ so he can return to being the CEO of Binance and help the crypto industry realize its full potential. He is also a victim of legal overreach,” Lilic stated.
Several influential figures in the crypto community, including Cardano founder Charles Hoskinson, have echoed this sentiment, emphasizing CZ’s importance to the industry.
CZ’s Legal Troubles and Exit from Binance
CZ stepped down as Binance’s CEO in November 2023 after the exchange reached a $4.3 billion settlement with U.S. regulators, including the Department of Justice (DOJ).
settlement stemmed from charges of violating anti-money laundering (AML) regulations and failing to register as a money transmitter.
As part of the settlement, CZ pled guilty to related charges and served a four-month prison sentence, which ended in September 2024. Following his resignation, Richard Teng was appointed as the new CEO of Binance.
Despite stepping back from his leadership role, CZ remains a prominent figure in the crypto world.
Future Endeavors
Since leaving Binance, CZ has redirected his focus toward other ventures, including blockchain development, artificial intelligence, and education. One of his notable initiatives is Giggle Academy, an educational platform aimed at providing digital literacy and blockchain education to underserved communities.
The Possibility of a Trump Pardon
President-elect Trump’s pro-crypto stance has raised speculation about a potential pardon for CZ. Trump has previously voiced support for clemency in other high-profile cases within the crypto space, including the controversial case of Ross Ulbricht, the founder of the Silk Road marketplace.
While no official statement has been made by Trump regarding CZ, the growing calls from the crypto community highlight the sector’s recognition of CZ’s contributions.
Though CZ has no plans to return to Binance, his influence on the cryptocurrency industry is undeniable. As he continues to explore new opportunities and advocate for the digital asset space, the industry will closely watch his next moves. Whether or not a pardon materializes, CZ’s legacy as a pioneering figure in the crypto world still stands tall.
