A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here.

New York —

The Trump administration excels at sowing uncertainty. But it is sending an unambiguous message to crypto entrepreneurs who may be operating on the fringes of the law, or outside of it: Don’t worry about a thing.

ICYMI: President Donald Trump on Thursday issued yet another reprieve for a crypto mogul who happens to have greatly enriched the Trump family’s net worth.

Changpeng Zhao, the founder and former CEO of crypto exchange Binance, served a four-month prison sentence after pleading guilty in 2023 to charges related to anti-money-laundering violations. Zhao, widely known as “CZ,” was released in September 2024. After months of lobbying the Trump administration, he received a pardon, with the White House saying Thursday it believes his cas

📰

Continue Reading on CNN

This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.

Read Full Article →