Whereas, on November 21, 2023, Changpeng Zhao (known as CZ and referred to in this resolution as Zhao) pleaded guilty to willfully failing to maintain an effective anti-money laundering program while CEO of Binance;

Whereas Binance itself pleaded guilty to multiple criminal charges and was required to pay a total financial penalty of more than $4,300,000,000;

Whereas Binance’s willful failures allowed money to flow to terrorists, foreign adversaries, child abusers, and other criminals;

Whereas, on April 30, 2024, Zhao was sentenced to prison time for his crime;

Whereas, on March 13, 2025, the Wall Street Journal reported that representatives of President Trump’s family were in negotiations to purchase a financial stake in the United States arm of Binance, of which Zhao remains the largest shareholder;

Whereas, in April 2025, Zhao formally applied to President Trump for a pardon;

Whereas, in May 2025, Zhao was involved in the most significant use to date of USD1, a stablecoin issued by the Trump family’s cryptocurrency company, World Liberty Financial, when a United Arab Emirates investment firm called MGX used USD1 to purchase a $2,000,000,000 stake in Binance;

Whereas, on October 23, 2025, President Trump granted a full pardon to Zhao for his crime; and

Whereas, hours following the President’s pardon, the value of the Trump family’s cryptocurrency company, World Liberty Financial, spiked: Now, therefore, be it