President Trump pardoned former Binance CEO Changpeng Zhao, who was convicted of violating anti-money laundering laws and served four months in prison. The pardon is the latest in a series benefiting cryptocurrency executives as the Trump administration reverses Biden-era enforcement targeting the crypto industry.
Bitcoin surges to record $123,500 while Ethereum approaches 2021 highs above $4,700, driven by institutional adoption, Trump’s pro-crypto policies, and regulatory clarity.
President Trump signed the GENIUS Act into law, establishing the first federal framework for dollar-backed stablecoins and marking a major victory for the crypto industry. The legislation is expected to drive widespread adoption and encourage traditional banks to enter the stablecoin market.
