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Binance’s CZ Vows U.S. Investment If DOJ Fine Is Reversed Following Presidential Pardon

Michael Adeleke
2 hours ago
Michael Adeleke

Michael Adeleke

Crypto Journalist
Expertise : Cryptocurrency, Blockchain, DeFi
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
After Trump’s pardon, CZ hints at reinvesting $4.3B into the U.S.

Highlights

  • CZ says he will reinvest his $4.3 billion DOJ fine if reversed back into the United States
  • He also revealed he has not yet requested a refund.
  • Binance’s original $4.3 billion settlement in 2023 was one of the biggest crypto fines.

Binance’s founder, Changpeng Zhao (CZ), said he would reinvest the $4.3 billion fine back into the United States if the fine is reversed. This comes after President Trump pardoned him of his charges.

CZ Signals U.S. Reinvestment If $4.3B DOJ Fine Is Reversed

During an exchange on X, one user asked if Changpeng Zhao would have the $4.3 billion penalty returned to him now that he had been pardoned. CZ replied that he would invest any returned funds in the United States as an act of gratitude. The former CEO said he has not yet asked for a refund. He also mentioned the need for fairness.

In 2023, Binance agreed to pay a fine of $4.3 billion as part of a settlement with the DOJ and other U.S. regulators. The founder faced different charges, including an unlicensed money services business.

Furthermore, Changpeng Zhao pleaded guilty to violations of the Bank Secrecy Act. After that, he stepped down as CEO and accepted a personal $50 million fine.

Last month’s presidential pardon for CZ led to debate in political and crypto communities. Binance’s plea deal had once been called the largest enforcement action in crypto history.

However, some have insisted that the founder paid for his pardon via back channels. The claims have been dismissed by the exchange’s legal team. They also said any such act of payment would be easily traceable in light of blockchain transparency.

The White House also defended the president’s decision. They denied all corruption allegations linked to the pardon. Aides said the pardon was issued fairly and without any outside influence.

Binance and the Trump Family Ties

The exchange has been associated with a crypto company belonging to the president and his family, World Liberty Financial. There are reports that Binance had been working on technology for the firm’s USD1 stablecoin. However, CZ denied the reports publicly and threatened to take legal action.

Additionally, it is reported that a UAE investment group is staking $2 billion in Binance. They used the USD1 stablecoin as part of the arrangement. Earlier this year, Binance promoted USD1 on its PancakeSwap exchange, which now runs on BNB Chain.

Meanwhile, before the pardon, U.S. SEC had dropped its civil lawsuit against Binance. The SEC and the exchange reached an agreement after almost three years of the case.

Binance has been out of the U.S. market since it pleaded guilty in 2023. The exchange could return to full operations thanks to the pardon.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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