00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Binance founder Shang-Peng Zhao will be honored with a 14-foot-tall statue in Washington, D.C.,
00:07following a pardon from U.S. President Donald Trump last week, according to The Crypt.
00:11Organizer Nick Zee said the gold-painted statue to make Shang-Peng Zhao
00:15raising four figures to symbolize his 2023 ignore fun mantra during regulatory scrutiny.
00:21Zee said a four-person anonymous collective funded the $50,000 statue,
00:25which took four weeks to produce using a CNC machine that milled dense foam blocks.
00:30Organizers said the statue will be displayed briefly before being gifted a Zhao
00:34or auctioned to benefit Giggle Academy,
00:36a non-profit he found out of completing guilty-to-money laundering charges
00:39in a $4.3 billion settlement.
00:42The statue's debut filed similar crypto tributes,
00:44building a Trump Bitcoin statue near the U.S. Capitol.
00:47A meme coin tied to the project, CZ Statue, has reached a market cap of $577,000.
00:53For all things money, visit Benzinga.com.
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