EddieJayonCrypto
13 Mar 25
Changpeng Zhao (CZ) has publicly criticized a Wall Street Journal article alleging that he sought a pardon from the U.S. president. CZ has denied any negotiations for a Binance stake with the president's administration and clarified that the article contained factual inaccuracies. He stated that the...
Changpeng Zhao (CZ) has publicly criticized a Wall Street Journal article alleging that he sought a pardon from the U.S. president. CZ has denied any negotiations for a Binance stake with the president's administration and clarified that the article contained factual inaccuracies. He stated that the article seemed like an attack on the president and the crypto industry. Additionally, CZ mentioned his commitment to making crypto successful globally, including in the U.S.
Changpeng Zhao (CZ) has taken to his account on the X social media platform to criticize the Wall Street Journal article about him allegedly pushing the president of the U.S. for a pardon.
CZ himself, who continues to hold 90% of the Binance stake, has denied having any negotiations with the president’s administration on this issue or asking the president for a legal pardon in this way. CZ admitted that he does not mind getting a pardon, but he believes that this article looked more like "motivated as an attack on the President and crypto," blaming this on the previous administration.
As a reminder, CZ spent four months in the U.S. last year, from May to September, on charges of breaking the Bank Secrecy Act. However, he was forced to step down from the CEO position at Binance and was replaced with Richard Teng in November 2023. He has started his own online education nonprofit project called Giggle Academy to educate underprivileged children in English, math, and blockchain. Recently, CZ also shared an update about the book he has been writing.