Binance CZ Don Forgive After Pro-Crypto Lobbying Push
Binance CEO Changpeng Zhao knack one full presidential pardon from Donald Trump afta one renewed lobbying campaign. Di firm resume lobbying unda Trump, spend over $7.1 million to seek executive relief from di White House and Treasury. For September 2024, Binance pay $450,000 to Trump-linked Checkmate Government Relations and $290,000 to crypto lawyer Teresa Goody Guillén for February. Zhao serve four-month sentence for breach US anti-money laundering laws afta Binance 2023 DOJ plea deal. Critics like Rep. Maxine Waters condemn di pardon as favor to crypto criminals. Trump defend im decision, call Zhao victim of partisan persecution. Di pardon cut Binance regulatory risk and fit boost market stability plus trader confidence.
Bullish
Di presidential pardon don remove major wahala wey dey for Binance and im CEO legal side. For short term, e go reduce regulatory palava and fit make BNB bounce back. For long term, Trump pro-crypto position fit encourage beta policies wey go boost institution dem plus retail players. But political gbege fit cause gbege for market.