00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump is pardoned Shane Penn Zhao, the convicted founder of Binance,
00:06according to The Wall Street Journal.
00:08The pardon could allow Binance to return to the U.S. after its 2023 guilty plea
00:12for violating anti-money laundry laws led to an operating ban.
00:16White House Press Secretary Caroline Levitt said Trump ended the Biden administration's war
00:20on cryptocurrency.
00:22Zhao, who served four months in prison, expressed gratitude on X,
00:25vowing to make America the capital of crypto.
00:27Since Trump's election, Binance has backed his family's World Liberty financial venture,
00:32which has become their largest source of income, surpassing real estate profits.
00:36Binance fueled growth of World Liberty's USD1 cryptocurrency by enabling a $2 billion investment
00:41and promoting its trading, but both sides deny a formal partnership.
00:45For all things money, visit Benzinga.com.
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