India, Oct. 24 -- Donald Trump has pardoned Binance founder Changpeng Zhao, who earlier pleaded guilty to enabling money laundering as the head of the cryptocurrency exchange, the White House informed on Thursday, October 23.

Trump "exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency," White House press secretary Karoline Leavitt said in an official statement.

On X, Zhao, widely known as CZ, said he was "deeply grateful" for the pardon and to Trump for "upholding America's commitment to fairness, innovation, and justice." "Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide," he added.

Zhao step...