The crypto community erupted on Friday as Polymarket bettors rushed to wager on the potential return of Changpeng “CZ” Zhao to Binance, following his surprise pardon by U.S. President Donald Trump.
According to data from Polymarket, the odds that CZ would return to Binance by the end of 2025 surged by more than 60%, jumping to 82% earlier on Friday after the news broke.
However, as the excitement cooled, the figure later stabilized around 36% by evening. This dramatic swing reflected both the initial euphoria and the uncertainty surrounding CZ’s future role at the exchange he founded.
Trump’s Pardon CZ Sends Shockwaves Through Crypto Markets
Reports confirmed that President Trump had officially pardoned CZ on Thursday, clearing his conviction tied to Binance’s 2023 money laundering violations. Under the 2023 settlement, Binance had paid over $4 billion in forfeitures, while CZ himself faced a $50 million fine and resigned as CEO.
White House Press Secretary Karoline Leavitt stated, “President Trump’s decision aims to correct what the administration views as Biden’s war on cryptocurrency,” emphasizing that Zhao had faced prosecution despite no allegations of fraud or identifiable victims.”
The pardon has ignited intense debate within financial and political circles, with many seeing it as a symbolic green light for the broader cryptocurrency industry under Trump’s leadership. Analysts note that this decision could have far-reaching effects on global crypto regulation and investor sentiment.
Also Read : Will Trump Pardon FTX Founder Sam Bankman-Fried? Polymarket Bets Say Maybe
CZ Breaks Silence, Teases Major Comeback
Shortly after the pardon announcement, CZ expressed his gratitude on X, saying,
“Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice.”
He further hinted at his ambitions to help make “America the Capital of Crypto” and strengthen global web3 innovation. Zhao also teased a mysterious project, writing simply, “Book releasing soon.”
While he has not confirmed any formal return to Binance, his optimism, combined with Polymarket’s betting frenzy, has fueled speculation that the crypto mogul could re-enter the spotlight sooner than expected.
Also Read : Binance’s CZ Fires Back at Senator Warren’s “Fraud” Claims After Trump Pardon
What’s Next for CZ and Binance?
With Trump’s pardon reshaping the narrative around cryptocurrency regulation, market watchers believe CZ’s influence could surge once again, whether through Binance or a new venture. For now, traders and enthusiasts are closely monitoring Polymarket, where the odds of CZ’s comeback continue to fluctuate as rapidly as the cryptocurrency markets themselves.
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