The crypto world is buzzing once again, as discussions intensify about whether Binance might make a comeback in the United States following the recent presidential pardon of its founder, Changpeng “CZ” Zhao.
After being pardoned by US President Donald Trump on Thursday, CZ took to X (formerly Twitter) to post, “Will do everything we can to help make America the capital of crypto and advance Web3 worldwide.” The comment quickly reignited speculation that Binance could be preparing to re-enter the US market.
Observers also noticed that CZ had quietly updated his social media bio—removing the “ex-Binance” tag and reverting it simply to “Binance.” Bloomberg reported that this change added more weight to the rumors surrounding a potential US relaunch.
David Namdar, CEO of BNB Network Company, described the development as a “turning point not only for CZ but for Binance and BNB,” suggesting it could open the door to stronger participation in the American market. Namdar also pointed out that BNB has remained strong despite limited interest from Western investors and recently reached new record highs in October.
A potential return by Binance to the US could have major implications. American retail traders would once again gain access to the world’s largest crypto exchange by trading volume—potentially boosting both liquidity and asset prices across the market.
Binance originally launched a separate US-based entity, Binance.US, back in 2019 to comply with American regulations. The platform, run by BAM Trading Services, operates independently and does not share liquidity or derivatives access with the global Binance exchange.
Political backlash and divided opinions
Trump defended his decision during a press briefing, saying CZ had been “recommended by a lot of people” in the crypto space and was “persecuted” under the Biden administration.
“A lot of people said he wasn’t guilty of anything. He served four months in jail, but they say he did nothing wrong,” Trump told reporters.
However, the pardon has sparked outrage among several Democratic lawmakers, including Representative Maxine Waters and Senator Elizabeth Warren. Waters accused the administration of promoting “pay-to-play” politics and claimed the move showed how much influence the crypto industry holds over Trump.
CZ responded sharply to Warren’s criticism on social media, clarifying that he never pleaded guilty to money laundering. Instead, he admitted to a single charge of violating the US Bank Secrecy Act for not implementing a robust anti–money laundering program at Binance—a case that resulted in his four-month sentence back in April 2024.
With CZ’s record cleared and rumors swirling, the idea of a Binance comeback in America no longer feels far-fetched. Whether it actually happens—or how regulators might respond—could shape the next big chapter in crypto’s ongoing power struggle with Washington.
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