Changpeng Zhao walks free as Trump vows to “correct the Biden-era war on crypto.” The move comes as Trump deepens his own family’s crypto ties: from World Liberty Financial to projects linked with Binance and Dominari Holdings. Regulatory questions remain: the pardon lifts restrictions on Zhao but doesn’t clarify whether he can lead Binance again. For markets, it’s another sign that US crypto policy may be shifting from enforcement to embrace. Will this reset the balance between regulation and political power in crypto?