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| By Mark Gough |
Earlier today, President Trump officially pardoned Binance founder Changpeng Zhao, more commonly known as CZ. He had previously plead guilty of enabling money laundering as the head of Binance.
Already, Binance’s token BNB (BNB “C+”) is up 6% on the news.
That’s because the pardon brought relief to Binance ecosystem participants who were concerned about leadership continuity and potential regulatory overhang.
This is great news for Juan Villaverde’s Weiss Crypto Investor and Weiss Crypto Portfolio members who hold BNB.
And it’s also bullish for my own Next Crypto Superstars members. We don’t own BNB, but we do hold a small-cap opportunity that runs on the same blockchain. That coin is up 10% in the past 24 hours.
Still, you should temper any expectation for this news to spark a broader market recovery.
Reaction beyond BNB has been limited. This suggests traders recognize this as a company-specific development and not a market-wide one.
CZ’s legal troubles stemmed from compliance failures at Binance, not systemic issues affecting Bitcoin (BTC, “A-”), Ethereum (ETH, “A-”) or other cryptos.
And the pardon doesn’t address more fundamental challenges facing crypto, such as regulatory clarity, institutional adoption rates or macroeconomic headwinds.
Here are the key takeaways from this move …
Short-term traders can find opportunities in BNB’s momentum. That’s particularly true if positive sentiment continues to build around Binance initiatives.
For long-term portfolios, this news warrants monitoring Binance’s strategic direction under CZ’s renewed influence. Your focus should be on whether his involvement drives new product launches, liquidity growth and restored confidence across Binance’s global operations.
Best,
Mark Gough
