Binance CEO Zhao Shocked by Trump Pardon, No Get Any Connection wit Trump or WLFI
Binance CEO Changpeng Zhao tok say e shock wit Trump pardon, e deny say e get any trade connection wit Donald Trump or World Liberty Finance. E talk say e neva meet or talk direct wit Trump, only small meeting wit Eric Trump for Bitcoin event for Abu Dhabi. Zhao legal people apply for Trump pardon for April but no update till e grant for October. President Trump later talk say e no sabi Zhao personally and dem tell am say di case na political anyhow no be crime. Di Trump pardon clear big legal wahala for Zhao and Binance, but e no mean say crypto law go change sharp sharp.
Neutral
Trump pardon comot one main legal wahala wey dey for Binance, e make exchange users and traders dey confident more. For short term, e fit reduce how people dey see regulatory risk and fit help trading activity for major cryptocurrencies like Bitcoin. But since the pardon no give immediate clear regulatory guideline or change policy, e direct effect on Bitcoin price no plenty. For long term, wider regulatory outcomes and market fundamentals go be which way price go waka. So, the pardon net impact for Bitcoin dey expected to be neutral.