According to the source, the Trump administration is weighing a presidential pardon for Binance founder Changpeng CZ Zhao after his guilty plea to a Bank Secrecy Act violation and subsequent four-month sentence. Source: user-provided X post dated Oct 11, 2025; U.S. Department of Justice press release, Nov 21, 2023; U.S. DOJ case records, 2024 sentencing. This pardon report is unconfirmed, with no official notice from the White House, the Department of Justice, or the Office of the Pardon Attorney at the time of writing, so traders should treat it as headline risk. Source: White House statements archive; U.S. Department of Justice; U.S. Department of Justice Office of the Pardon Attorney public guidance. A presidential pardon would forgive federal criminal liability but would not unwind Binance’s 2023 settlements and approximately $4.3 billion in penalties, so any impact would be primarily sentiment-driven for BNB and exchange tokens in the near term. Source: U.S. Department of Justice press release, Nov 21, 2023; U.S. Treasury FinCEN and OFAC enforcement materials, 2023; CFTC settlement announcement, 2023. Near-term trading watch: BNB spot and BNB perpetual funding, BTC correlation, and exchange-token basket performance, with positioning adjusted only after official notices are posted by the Office of the Pardon Attorney or the White House. Source: Binance Futures contract specifications for BNBUSDT perpetual; U.S. Department of Justice Office of the Pardon Attorney; White House statements archive. Medium term, the removal of CZ’s U.S. criminal exposure could reduce perceived governance overhang, but consent-agreement obligations on Binance remain in force, limiting operational changes. Source: U.S. Department of Justice press release, Nov 21, 2023; U.S. Treasury enforcement statements; CFTC settlement terms, 2023.