The cryptocurrency community is abuzz with excitement following the recent victory of pro-crypto US leaders, spearheaded by President-elect Donald Trump. The promises of support and goodies for the cryptocurrency industry have instilled a renewed sense of optimism among institutional investors, leading to a surge in confidence and cash inflow.
The transition to the Trump administration has been marked by stark differences from the previous Democratic leadership, particularly evident in President Biden’s recent pardon of his son, Hunter Biden. This move has granted Hunter immunity from any potential investigations by the upcoming Trump administration, further fueling the divide between the two political parties.
In light of these developments, the crypto community is urging the incoming Trump administration to consider pardoning Binance co-founder Changpeng Zhao (CZ) for any perceived unfair treatment. CZ has expressed his willingness to accept a presidential pardon, although he has no desire to resume his role as CEO of Binance, in alignment with the plea agreement.
CZ’s resignation as Binance CEO and the hefty fines imposed on the exchange for violating US laws have been significant milestones in the ongoing legal proceedings. The company has agreed to pay substantial fines, totaling $4.3 billion, as part of the settlement.
Meanwhile, President-elect Trump is reportedly preparing to pardon Ross Ulbricht, the founder of the Silk Road darknet marketplace, who is currently serving two life sentences without the possibility of parole. This decision is expected to have far-reaching implications for the crypto industry and could signal a shift in the regulatory landscape.
Overall, the future looks promising for the cryptocurrency industry under the Trump administration, with hopes high for continued support and growth in the coming years. The community eagerly awaits further developments and remains optimistic about the potential impact of these pardons on the sector.