Odaily Planet Daily News Binance founder CZ confirmed in the latest podcast that his legal team has submitted an application for pardon to former US President Trump on his behalf. Previously, Bloomberg and the Wall Street Journal reported that CZ was seeking pardon, but he denied it at the time. CZ said that part of the reason for applying for pardon was inspired by Trump's previous pardon of the founder of BitMEX.
Last November, CZ pleaded guilty to violating the Bank Secrecy Act, paid a $50 million fine and was sentenced to 4 months in prison. According to the US Department of Justice, even if he is pardoned, his money laundering charges will not be eliminated, but he may be allowed to resume his management position at Binance.US. (Cointelegraph)