CZ Reveals Rival Exchanges Opposed His U.S. Pardon
- Former Binance CEO Changpeng Zhao (CZ) received a presidential pardon from Donald Trump in October 2025.
- CZ claimed that rival exchanges actively lobbied against his pardon, fearing Binance’s re-entry into the U.S. market.
- Political discussions arose regarding potential connections between Binance and Trump’s business dealings, which were denied by CZ’s legal team.
- Despite opposition, CZ noted that the resistance highlighted his case, ultimately aiding in the pardon process.
- CZ emphasized that while competition is expected, personal attacks cross ethical boundaries in business.
The dynamics of competition within the cryptocurrency industry were underscored by CZ’s experience with his pardon, revealing tensions among exchanges and political implications surrounding crypto businesses.
This situation illustrates how attempts to undermine rivals can backfire, as seen when opposition to CZ’s pardon inadvertently attracted favorable attention from President Trump.(Source)
