"Fry! Trump's Pardon Order, CZ and the Cryptocurrency Industry's Dramatic Turnaround!"

White House Press Secretary Karine Jean-Pierre stated that President Trump used his constitutional power to pardon CZ. CZ was prosecuted during the Biden administration's "war" on the cryptocurrency industry, receiving quite a heavy sentence, and now this "war" seems to be over. The fact that CZ has been pardoned is significant; not only does it change his personal fate, but many also see it as a strong signal that the U.S. government's policy towards the cryptocurrency industry is about to change, indicating that the industry will receive more political attention and that regulations may loosen. Although a presidential pardon does not erase the charges completely, it can restore some of CZ's rights, and who knows, he might be able to return to Binance's management or allow Binance to conduct business in the U.S. again.

In early September of this year, CZ quietly removed the label "former @binance" from his personal profile, and soon after, rumors began to circulate that he might be pardoned. Initially, CZ denied lobbying for the pardon, but later admitted in a podcast that he had submitted a formal pardon request. Previously, CZ had a criminal record, which became a significant hassle for Binance to conduct business, affecting its ability to apply for regulatory licenses and open bank accounts worldwide. Although CZ is no longer CEO, his personal reputation and influence in the industry are still very important for Binance, and the pardon can give Binance more confidence in the global market.

However, Democrats will certainly be unhappy about Trump's pardon of CZ and are likely to question it strongly. Earlier this year, Democrats demanded that the Trump administration clarify its dealings with Binance and CZ regarding the pardon, pointing out that there are financial ties between Binance and the Trump family, raising moral concerns. While Trump brings benefits to the market, the cryptocurrency sector's heavy reliance on Trump's political status has also become a potential uncertainty factor, so how Trump performs in the 2026 midterm elections is something everyone should closely watch. #ETH走势分析