After Trump Pardon, CZ Binance Plans $4.3 Billion in U.S. Investment if Funds Returned

Changpeng Zhao, widely known as just CZ in crypto circles, and the founder of Binance, has addressed speculation surrounding the possibility of a refund for the cryptocurrency exchange following his recent presidential pardon. The discussion centers on the massive $4.3 billion settlement Binance reached with U.S. authorities in 2023, which resolved charges related to anti-money laundering violations and other regulatory issues. Zhao, who received a full pardon from President Donald Trump on October 23, 2025, emphasized gratitude for the clemency while outlining how any returned funds might be handled.

The pardon wiped away Zhao's criminal conviction, stemming from his 2023 guilty plea to failing to maintain effective anti-money laundering safeguards at Binance. At the time, the exchange agreed to pay over $4 billion in forfeiture and fines, marking one of the largest corporate penalties in U.S. history, while Zhao personally paid $50 million and served a four-month prison sentence. The settlement also required Binance to implement compliance monitors and exit certain operations in the United States.

In response to a direct question on social media about whether the government might return the $4.3 billion now that the pardon has been granted, Zhao described the topic as delicate. He expressed appreciation for the pardon itself, noting a balance between seeking fairness and valuing what has already been received. Zhao stated that he has not yet made any formal request for a refund.

CZ Outlines Plans for Any Potential Returned Funds

Should the funds be returned to Binance, Zhao indicated that the company would direct them toward investments in the United States. This approach, he explained, would demonstrate appreciation for the pardon and support American projects in the cryptocurrency and broader technology sectors. Although Zhao stepped down as CEO as part of the original settlement, his comments reflect a continued alignment with Binance's interests and a positive outlook on U.S. engagement.

The pardon has been viewed by some as part of a broader shift toward a more supportive environment for cryptocurrency under the current administration. Binance has maintained its position as the world's largest crypto exchange by trading volume, even after the 2023 resolutions. Zhao's statements come amid ongoing discussions in the industry about regulatory clarity and opportunities for growth in the American market.

Analysts note that while the pardon resolves Zhao's personal legal issues, the corporate settlement involved multiple agencies, including the Department of Justice, Treasury, and others. Any decision on refunds would likely require separate reviews, as the payments addressed specific violations under laws like the Bank Secrecy Act. Zhao's pledge to reinvest in the U.S. aligns with efforts by crypto leaders to build stronger ties with American policymakers and contribute to domestic innovation.

Zhao, now free from his conviction, has resumed public engagement on industry topics, often emphasizing long-term growth and responsible practices in digital assets. Recently, Trump discussed the pardon on CBS' 60 Minutes, saying Zhao's treatment was unjust.

This situation underscores the ongoing evolution of cryptocurrency regulation in the United States. With high-profile cases like Binance's setting precedents, stakeholders remain attentive to how past settlements might intersect with new administrative priorities. Zhao's measured response reflects an effort to navigate these complexities while maintaining a constructive stance toward the American market.