Trump pardons Binance founder

Changpeng Zhao, founder of the world's largest cryptocurrency exchange Binance, has been pardoned by US President Donald Trump.

Zhao, also known as "CZ", was sentenced to four months in prison in April 2024 after pleading guilty to violating US money laundering laws.

Binance also pleaded guilty and was ordered to pay $4.3bn (£3.4bn) after a US investigation found it helped users bypass sanctions.

The pardon reignited debate over the White House embrace of cryptocurrency as the Trump family's own investments in the industry have deepened.