Former Binance CEO Changpeng Zhao (CZ) recently said he does not plan to return to lead the world’s largest cryptocurrency exchange, Binance. He mentioned he would not mind receiving a pardon from former U.S. President Donald Trump. CZ made these comments in response to a <a href="https://x.com/ChiefOfTelos/status/1861329262021648594" rel="noopener noreferrer nofollow">post on X </a>by John Lilic, Executive Director of the Telos Foundation.
Lilic’s post led to strong support from the online community. In his reply, CZ thanked everyone for their support but said he did not want to return as the CEO of Binance. However, his mention of Trump sparked speculation about whether a pardon could help him resolve his legal issues.
Meanwhile, some individuals on X hope that CZ will return to Binance, while others think he could help the crypto industry by working in government or making policies. They believe his knowledge of blockchain and financial technology could lead to better regulations and greater trust in the industry.
<h2 id="b-changpeng-zhao-sentencing-saga-b">Changpeng Zhao Sentencing Saga</h2>
<a href="https://thecoinrise.com/changpeng-zhao-quits-as-binance-ceo-after-doj-settlement/" rel="noopener noreferrer nofollow">CZ’s sentence came after he pled guilty in November 2023 </a>for failing to implement anti-money laundering protocols at Binance. He faced a four-month prison term and a $50 million personal fine. However, the consequences extended beyond CZ. The <a href="https://thecoinrise.com/us-doj-demands-over-4b-from-binance-to-resolve-probe/" rel="noopener noreferrer nofollow">cryptocurrency exchange agreed to pay $4.3 million</a>, marking one of the largest settlements in history.
The decision sparked mixed reactions within the crypto community, leaving many questioning the implications for the exchange’s future. When asked about the fairness of his sentence, CZ was cautious. He acknowledged that his plea deal prevented him from criticizing the ruling. He also noted that he was fortunate compared to others facing longer sentences.
<h2 id="b-changpeng-zhao-on-embracing-fresh-starts-b">Changpeng Zhao on Embracing Fresh Starts</h2>
Discussing his relationship with Binance, CZ confirmed he cannot engage in day-to-day operations but remains optimistic about his shareholders’ rights. He admitted that his first month back from prison was a bit difficult, emotional even. He revealed his profound connection with the business he built from the ground up.
Meanwhile, CZ plans to invest his time in initiatives like Giggle Academy and provides educational access to undeserved communities. His commitment to the project reflects a growing interest in philanthropy as he transitions from the crypto-focused work that has dominated his career so far. Likewise, he <a href="https://thecoinrise.com/binance-founder-cz-breaks-silence-as-bitcoin-hits-ath/" rel="noopener noreferrer nofollow">voiced unwavering confidence in digital assets’ future,</a> affirming that, in the long term, he will remain extremely bullish on crypto.
The post <a href="https://thecoinrise.com/cz-dismisses-binance-ceo-comeback-open-to-trumps-pardon/" rel="noopener noreferrer nofollow">CZ Dismisses Binance CEO Comeback, Open to Trump’s Pardon</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

CZ Dismisses Binance CEO Comeback, Open to Trump’s Pardon

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