The founder of Binance, Changpeng Zhao, confirms that the legal team has filed a request for forgiveness
The founder of Binance, Changpeng Zhao, confirmed that his legal team had asked him for a grace in the United States. This occurs a few months after the former CEO denied having information reporting with the family of President Trump who would see him forgive himself.
At the time, the Wall Street Journal (WSJ) said that the Trump family wanted to buy a participation in Binance.us in exchange for the granting of forgiveness. However, the ex-CEO denied this on X, noting that there have been no meetings and that the report is only a manufacturing.
Interestingly, he recognized in his X post that he would not mind being forgiven by the United States government, noting that he is the only person sentenced to prison for a single law on banking secrecy (BSA).
It seems that Zhao has now launched efforts to obtain presidential forgiveness. In a conversation on the Radio Rapier Podcast CristoHe said the demand was subjected about two weeks ago, referring to how other personalities in cryptography, including the CEO of Bitmex, Arthur Hayes, were pardoned.
However, he said he had decided to apply until the release of the Bloomberg and WSJ article. According to him, he is always very interested in being forgiven and will go through the legal process to apply for one.
Zhao has doubled his criticisms on the traditional representation of the cryptographic industry media. He noted that there had been false and manufactured reports from consumer media and warned that such actions will continue to harm their reputation.
CZ raises concerns concerning the same
Meanwhile, the former CEO of Binance noted that there was too much money at the same time, and the market gives them too much attention. It was in response to the question of what could be potential rot in the cryptographic ecosystem at the moment.
According to him, most mecoins fail because of their short -term risk and nature. Thus, they are not precious enough for the interest they obtain. However, Zhao added that most memecoin traders know and already accept these risk of failure.
This point of view aligns with many of those who criticized the same and believe that it caused more damage to the cryptographic space. Interestingly, the interest in same way has reached a tray due to the slowdown in the market and the crash in the value of most mecoins.
However, Zhao admitted that same took care of public service projects. He blamed this in the previous position of the Securities and Exchange Commission (SEC), which considered most of the cryptographic projects as titles.
With the new dry administration deregulating the market and allowing them to regain risks, Zhao expects the manufacturers to return to cryptographic space.
Zhao praises Trump's pro-Crypto movements
Interestingly, the former CEO of Binance revealed that he had never spoken with Trump. He explained that Binance is a foreign company, which means that it cannot donate to any political campaign, and it personally avoids getting involved in the elections.
However, he praised the achievements of the Trump administration in the cryptographic industry. According to him, the idea that the United States would see a change of 180 degrees in its approach to industry would have been unimaginable years ago, but it is now achievable due to the power of democracy.
He said:
“We, as an industry, are very lucky that the current American president is very pro-Crypto, and he is very intelligent.”
However, he said that Binance.us does not yet have major plans in the United States, even if he continues to work. Zhao said he was the majority shareholder of Binance.us, and that the equity device for exchanges has not changed.
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