A big news has come in the world of crypto today, which has shocked everyone. Former US President Donald Trump has pardoned Changpeng Zhao (also known as ‘CZ’), the owner of the world’s largest cryptocurrency exchange Binance. Zhao was convicted in a case to money laundering and was in jail. Why was this surprising decision taken? The White House says that this decision is a response to the Biden government’s ‘anti-crypto’ campaign against crypto. The Trump administration wants to show that they are not against the crypto industry and support it. But another big reason is being said behind this apology. Recently, Zhao has entered into a major partnership with ‘World Liberty Financial’, a digital crypto company associated with the Trump family. There is discussion in political circles that this deal has cleared the way for this apology and it could be a kind of political transaction. What was Changpeng Zhao’s crime? Last year, Zhao himself had admitted that his company Binance had not made strict rules to prevent money laundering. This is considered a very serious crime. For this mistake, he was sentenced to four months in jail and his company was also fined a huge fine of 4.3 billion dollars (about 35 thousand crore rupees). What is the meaning of this apology? Binance’s return to America: This step of Trump can reopen the doors of the American market for Binance, where there were many restrictions on it. This is a huge relief for the company. Will there be a boom in the crypto market?: This decision can create a positive environment in the entire crypto industry. Experts believe that it may have a positive impact on the crypto market in the coming days, because it shows that a large political camp in America is in favor of crypto. However, Trump’s decision has sparked a new debate in America. Some people are calling it a good step for the crypto industry, while some people are considering it as a means of misuse of their position and taking political advantage.