Zhao Changpeng, the co-founder of Binance, who was previously convicted and sentenced to prison for failing to take adequate measures to prevent money - laundering activities on the platform and was subsequently serving his prison term, has now been granted a pardon by U.S. President Trump. A White House spokesperson, Levitt, announced that President Trump exercised his constitutional prerogative of pardon to absolve Zhao Changpeng, who faced prosecution amid the Biden administration's tough crackdown on the cryptocurrency sector. In American legal and political culture, the power of pardon is a significant constitutional authority vested in the President. It allows the President to grant clemency to individuals who have been convicted of crimes, often for reasons such as promoting fairness, correcting potential judicial errors, or as a gesture of goodwill in certain political contexts. In this case, Trump's pardon of Zhao Changpeng can be seen as a strategic move within the broader political and economic landscape, especially considering the evolving relationship between the government and the burgeoning cryptocurrency industry.