Jakarta, Pintu News – Changpeng Zhao, better known as CZ, the founder of Binance, recently revealed that if the United States government returns his $4.3 billion in funds, he will reinvest it back into the country. This comes after CZ was granted a pardon that caused widespread debate in the crypto community. His lawyer denied that the pardon was bought.
The pardon granted by President Trump to CZ has sparked heated discussions among crypto industry players. Senator Elizabeth Warren in particular expressed concern over the potential for undue influence on the justice system. However, CZ’s lawyer, Teresa Goody Guillén, insists that no transaction took place in the pardon.
This pardon comes after CZ pleaded guilty in November 2023 to failing to run an effective Anti-Money Laundering program at Binance. He was sentenced to four months in prison in April 2024, and Binance paid a settlement fine of more than $4.3 billion, while CZ himself paid a fine of $50 million.
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In an interview, CZ stated that he has not requested a refund, but if one is considered, he plans to reinvest the funds in the United States. This move is considered a token of his appreciation and long-term commitment to the development of the crypto ecosystem in the US.
According to CZ, the United States is currently leading the way in terms of crypto regulatory clarity. He hopes that the investment will help strengthen the US’ position as the global crypto capital. It shows its seriousness in correcting past mistakes and contributing positively to the industry.
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CZ’s decision to reinvest funds that may be returned has been praised by users and industry observers. It is considered a move that shows long-term vision and strong leadership in the crypto industry.
Users observed that this action by CZ was not only about correcting mistakes, but also about giving back to the community that has supported it. This shows that the true builders in the crypto space are those who give back and help develop the ecosystem as a whole.
The story of CZ and Binance demonstrates the complex dynamics between regulation, fairness, and innovation in the crypto industry. Going forward, the steps taken by CZ will likely serve as an important example in discussions about how the crypto industry should interact with governments and applicable laws.
Changpeng Zhao, known as CZ, is the founder of Binance, one of the largest crypto exchanges in the world.
CZ was pardoned after pleading guilty to failing to run an effective Anti-Money Laundering program at Binance.
Binance paid over $4.3 billion in settlement fines, while CZ itself paid $50 million in fines.
If refunded, CZ plans to reinvest the funds in the United States to support the crypto ecosystem.
The crypto community generally applauded CZ’s decision to reinvest funds in the US, seeing it as an action that shows long-term vision and strong leadership.
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