Binance founder CZ receives a pardon from Trump, sparking speculation about the exchange re-entering the US market. CZ’s X post hints at Binance’s return, fueling rumors. BNB CEO David Namdar believes the pardon will boost BNB’s value and open doors to the US market, where it’s been overlooked by investors.

The potential return of Binance to the US could provide US retail traders with access to the largest centralized crypto exchange, impacting asset prices positively. Binance.US, a separate entity established in 2019, caters to US residents compliantly but lacks access to Binance’s full services.

US lawmakers are divided over CZ’s pardon, with Trump defending him and Democrats criticizing the move as favoritism. Maxine Waters and Elizabeth Warren question the pardon, calling it “pay-to-play.” CZ refutes Warren’s claims of money laundering, clarifying his previous legal issues.

CZ pleaded guilty to a felony count of violating the US Bank Secrecy Act, resulting in a four-month sentence in April 2024. The pardon stirs controversy, with Democrats accusing Trump of corruption. CZ’s legal history and the implications of his pardon are under scrutiny by US officials and the crypto community.

Read more at Cointelegraph: Binance Coming Back to US? Industry Weighs in on Potential Comeback