The U.S. President Donald Trump has officially granted a pardon to Changpeng Zhao (CZ), the founder of Binance, who was previously found guilty of violating anti–money laundering regulations. This decision marks a major step that many see as the beginning of a new era for the crypto industry in the United States.
With this pardon, Changpeng Zhao now has the opportunity to actively re-engage in the crypto industry, including expanding Binance’s operations in the U.S. market, which had previously been limited due to legal constraints. Many observers view this move as a sign that the Trump administration aims to shed the “anti-crypto” image long associated with the U.S., while also seeking to attract innovation and crypto investment back into the country.
However, the move is not without controversy. Some critics argue that pardoning CZ raises new questions about regulatory independence and potential conflicts of interest within the digital finance sector. Nonetheless, the decision has been largely welcomed by the global crypto community, which sees it as a positive signal for the future of digital assets in the United States.
Ethereum Shows Early Bullish Signals
Meanwhile, the crypto market is showing positive momentum as of October 24, 2025. Ethereum (ETH) has started to display a bullish pattern after trading steadily in the US$3,750–3,800 range. Many analysts believe ETH could soon break the psychological barrier at US$4,000 if this upward momentum continues.
In addition to Ethereum, several altcoins have also recorded notable gains over the past 24 hours. Tokens such as DEGO, BEL, and CATI saw double-digit price increases, indicating growing investor interest in mid-cap assets. Accumulation activity by large investors or “whales” has further strengthened the market’s bullish sentiment.
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