Trump Pardons CZ, Signaling End to “War on Crypto”
CW 43 U.S. President Donald Trump pardoned Binance founder CZ, calling his prosecution political and marking a potential shift in crypto regulation. BNB began trading on Coinbase and Robinhood. Meanwhile, Hong Kong approved Asia’s first Solana spot ETF, set to debut on October 27.
Trump pardons CZ
United States President Donald Trump has pardoned Changpeng Zhao, the co-founder and former CEO of the cryptocurrency exchange platform Binance this Wednesday, indicating that he agreed that he was a target of "political persecution" during the administration of his predecessor Joe Biden. White House Press Secretary Karoline Leavitt was quoted as saying that the US president exercised his power to grant a pardon in accordance with the Constitution, declaring that "The Biden Administration’s war on crypto is over."
It does not mean that the previous fine will be returned, but it should eliminate the previous restrictions like CZ cannot manage Binance, and that should be reason CZ changed on his X bio from ex-@Binance to @Binance.
And Polymarket now thinks FTX's SBF might have a chance to be released from jail: https://polymarket.com/event/sbf-released-from-custody-in-2025?tid=1761270495244
BNB listed in Coinbase and Robinhood
After last week Coinbase puts BNB into listing roadmap, now the trading is live: https://exchange.coinbase.com/trade/BNB-USD
In the same week Robinhood also lists BNB: https://robinhood.com/us/en/crypto/BNB/
SOL spot ETF lists in Hong Kong
Hong Kong’s Securities and Futures Commission (SFC) has approved the city’s first spot Solana exchange-traded fund, developed by China Asset Management (Hong Kong) Ltd, following earlier Bitcoin and Ethereum ETFs.
The China Asset Management (Hong Kong) Solana ETF will debut on the Hong Kong Stock Exchange (HKEX) Main Board on October 27 under the tickers 3460 (HKD), 83460 (RMB), and 9460 (USD).
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