Donald Trump has pardoned Binance founder Changpeng “CZ” Zhao, who was convicted in 2023 for violating U.S. anti-money-laundering laws. Zhao had served four months in prison after Binance paid $4.3 billion in fines. The White House called the move an effort to end the “war on crypto.” While the pardon clears Zhao’s criminal record, it doesn’t alter Binance’s penalties or restore its U.S. operations automatically.