Changpeng Zhao, founder of the world's largest cryptocurrency exchange Binance, has been pardoned by US President Donald Trump, APA reports citing BBC.
Zhao, also known as "CZ", was sentenced to four months in prison in April 2024 after pleading guilty to violating US money laundering laws.
Binance was ordered to pay $4.3bn (£3.4bn) after a US investigation found it helped users bypass sanctions.
White House Press Secretary Karoline Leavitt called Zhao's prosecution under the Biden administration part of a "war on cryptocurrency".
She claimed Zhao had been targeted "despite no allegations of fraud or identifiable victim" and said prosecutors' efforts to seek a three-year prison sentence had "severely damaged the United States' reputation".
"The Biden Administration's war on crypto is over," she said.
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