Trump Pardons CZ as Binance Faces $1B Terror-Financing Lawsuit

Published at 2025-11-26 09:00:09

President Trump has pardoned Binance founder and former CEO Changpeng Zhao as the exchange confronts a major civil legal challenge. A federal lawsuit filed by 306 victims and family members alleges Binance helped facilitate roughly $1 billion in terror financing linked to the October 7, 2023 Hamas attacks; the plaintiffs are seeking damages and accountability in U.S. courts. The move underscores a separation between criminal and civil exposure: a presidential pardon can address federal criminal liability but does not block private civil claims. The case amplifies regulatory and reputational pressure on Binance and could spur further scrutiny of compliance across crypto platforms, with potential consequences for asset freezes, precedent in civil suits, and how exchanges manage counterterrorism controls moving forward.

BinanceRegulationCZLawsuitTrumpTerrorism

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Coinbase said it is collaborating with leading U.S. banks on stablecoin projects and pilot crypto services, with CEO Brian Armstrong noting banks are "leaning into this as an opportunity." The move reflects a growing, if cautious, Wall Street interest in crypto infrastructure.

CoinbaseRegulationStablecoinCrypto InfrastructureWall StreetBanks

Published at 2025-12-03 19:45:15

Polymarket Relaunches in U.S. After CFTC Approval

Polymarket announced its U.S. return after the Commodity Futures Trading Commission approved it to operate as an exchange, marking a major regulatory milestone for prediction markets. The relaunch comes amid rising user interest and participation in event-based trading.

RegulationPolymarketCFTCCryptoPrediction markets

Published at 2025-12-03 17:15:09

ETH Leverage on Binance Hits Record High Ahead of Fusaka Upgrade

Binance traders’ ETH exposure has climbed as the exchange’s leverage ratio reached a record high while ether reclaimed levels above $3,000. The build-up comes just ahead of the Fusaka upgrade and raises the risk of amplified volatility.

BinanceLeverageMarket RiskEthereumFusaka

Published at 2025-12-03 14:45:11

Japan's 20% Crypto Tax Could Ignite Retail Investor Rally

Japan is moving to implement a flat 20% tax on crypto gains, a shift observers say will awaken a 'sleeping giant' of retail investors by lowering rates and simplifying reporting.

JapanRetail InvestorsCrypto TaxRegulationMarket Outlook

Published at 2025-12-03 13:45:13

Ripple CEO: Stablecoins Gain Recognition at Binance Blockchain Week

At Binance’s Blockchain Week in Dubai (Dec. 3–4), Ripple CEO said stablecoins are gaining recognition, signaling growing institutional and regulatory attention. His remarks highlight potential momentum for on‑chain payments and firms working with fiat‑linked tokens, including XRP.