Binance founder Changpeng Zhao confirms that the legal team has submitted our permission request

Binance founder Changpeng Zhao confirmed that his legal team had applied to him for pardon in the United States. This comes months after the former CEO denied reporting a deal with President Trump’s family.

At the time, The Wall Street Journal (WSJ) insisted that the Trump family wanted to buy shares in Binance.us in exchange for allowing Zhao. However, EX-CEO denies this with X, noting that there were no such meetings and that the report is merely a manufacturing process.

Interestingly, he admitted in his X-Post that he didn’t care about being pardoned by the US government.

It appears that Zhao has now begun an effort to obtain the president’s pardon. In a conversation about Crypto Podcast Rug Radio, he said that the application was submitted about two weeks ago, referring to the pardoning of other crypto personalities, including Bitmex CEO Arthur Hayes.

However, he revealed that he only decided to apply after the Bloomberg and WSJ articles appeared. According to him, he is still very interested in getting an amnesty and goes through legal procedures to apply for it.

Zhao doubled his criticism of the traditional portrayal of the crypto industry’s media. He noted that there were false and manufactured reports from mainstream media and warned that such actions would continue to hurt their reputation.

CZ raises concerns about memokine

Meanwhile, the former Binance CEO pointed out that Memecoins has too much money and the market is paying too much attention to them. This was in response to the question of what potential corruption in crypto ecosystems would be like at this point.

According to him, most memecoins fail due to risk and short-term nature. Therefore, they are not worth sufficient for the benefits they will earn. However, Zhao added that most Memecoin traders already know and accept the risk of these failures.

This view is consistent with many who are critical of memokine and believe that it caused more damage to the crypto space. Interestingly, interest in Memecoin has been layered due to market slump and crashes in value for most Memecoin.

Still, Zhao admitted that Memecoin is paying attention from the utility project. He condemned this in his previous Securities and Exchange Commission (SEC) stance, viewing most crypto projects as securities.

With new SEC management regulating the market and allowing them to take risks again, Zhao hopes builders will return to the crypto space.

Zhao praises Trump’s pro-crypto move

Interestingly, the former Binance CEO revealed that he has never spoken to Trump. He explained that Binance is a foreign company. This means that they cannot contribute to political campaigns and are not personally escaping elections.

However, he praised the Trump administration’s achievements in the crypto industry. He said the idea that the US would see a 180-degree change in its approach to the industry would have been unthinkable a few years ago, but now it is achievable due to the power of democracy.

He said:

“We as an industry, we are very fortunate that the current President of the United States is very pro-cryptic and he is very smart.”

Still, he said that Binance.us still has no major plans in the US, despite it continuing. Zhao said he is a majority shareholder of Binance.us and that Exchange Equity arrangements have not changed.