On October 23, the entire crypto industry is celebrating – according to the latest reports published by the Wall Street Journal, US President Donald Trump has just pardoned Binance founder Changpeng Zhao, also known as CZ. The BNB price jumped immediately after this upbeat news, which could trigger a rally for the entire market.
Trump pardoned CZ
The WSJ reported that CZ, the founder of Binance, had just been pardoned by Trump, citing people familiar with the situation. The publication revealed that Trump recently told his aides that he was open to arguments about alleged political persecution of CZ and others. White House press secretary Karoline Leavitt reportedly said Trump exercised his constitutional authority by issuing a pardon for CZ, who was allegedly persecuted by the former US Biden administration. She reportedly said the Biden administration's war on cryptocurrencies is over. The WSJ reported that Binance did not immediately respond to a request for comment on the news. Neither the company nor CZ commented on the matter on X. The price of BNB reacted to the upbeat news and saw a sharp rise. BUY BNB
BNB price trajectory
At the time of writing, BNB is trading above $1,148, up over 6% in the last 24 hours. The price of the digital asset continues to rise.
BNB price in USD today This is important news for the entire industry, which has benefited over the years from the immense support of Binance and its founder. CZ continued to support the largest crypto platform ecosystem and the entire industry despite being forced to step down as Binance's CEO in 2023. CZ's pardon could pave the way for an optimistic comeback for the crypto market despite recent issues that have plagued the industry, including the wave of FUD directed against Binance. Ultimately, as we previously predicted, Uptober could continue on the back of this upbeat news and other important positive factors. BUY BITCOIN UPDATE: CZ confirmed the news on X, showing his gratitude to Trump for supporting America's commitment to fairness, innovation and justice. He said he will do everything he can to help make America the Crypto Capital and promote Web3 globally. Join our 33,000+ subscribers. No spam, just useful info.