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      tldr; Changpeng Zhao, founder of Binance, is seeking a pardon from former President Donald Trump for money-laundering violations. Zhao and Binance admitted to compliance failures in 2023, allowing illicit transactions. Zhao’s pardon campaign includes hiring lobbyists with Trump ties and fostering business relationships with the Trump family. The White House is reviewing the pardon applications, which could have significant implications for the cryptocurrency industry and Binance’s future dealings. Critics worry about potential political and financial motivations behind the pardon request.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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