Binance’s BNB token experienced a sharp increase this Thursday. The rise occurred after the announcement of a presidential pardon for its founder. Changpeng Zhao’s pardon (CZ) was granted by President Donald Trump, as confirmed by White House sources this morning.
Immediately following the announcement, the price of BNB soared over 15%. It reached a high of $680 on major exchange platforms. BNB’s trading volume grew exponentially in just a few hours. The asset surpassed $10 billion in daily volume. This movement reverses the bearish trend of recent months. The news surprised financial analysts.
This event marks a drastic turn in the Zhao case. The Binance founder had pleaded guilty to federal charges last year. He was facing a significant potential prison sentence. Changpeng Zhao’s pardon closes a chapter of regulatory uncertainty. It has been a dominant theme in the crypto ecosystem. The industry of crypto companies has been under intense regulatory pressure. Trump’s decision sparks a new debate on the government’s stance.
Is this the beginning of a new era for Binance?
The market reaction suggests widespread relief. Investors see the pardon as a positive sign for Binance. It removes the main cloud of uncertainty that hung over the exchange. Many analysts expect a sustained recovery for BNB. However, some experts warn of future volatility. Binance’s leadership structure, now without the legal threat over CZ, could stabilize.
The presidential pardon for Zhao redefines the landscape for the world’s largest exchange. Attention now shifts to Binance’s next strategic moves. The community is watching to see if CZ will resume any public role. The market awaits to see how this decision influences crypto regulation. Changpeng Zhao’s pardon will undoubtedly be remembered as a milestone.
