A few days ago, Trump pardoned CZ and Zhao Changpeng.
Many people believe CZ was already released. So, what's the significance of this pardon?
It's actually quite significant. First, it erases all charges, including the original money laundering charge.
CZ was previously subject to long-term monitoring, with restrictions on his financial transactions and his involvement in Binance operations. These restrictions are now gone. This explains the recent Binance frenzy.
CZ will be able to engage in more business activities in the future. This will expand his, and indeed Trump's, future crypto empire!
More deeply, Trump's pardon of CZ is also a form of political endorsement! It effectively ties the two together!
If the bull market has a tail, these two combined forces will be the market's biggest force!