CZ to Invest $4.3B DoJ Fine in the US if Refunded Post Pardon

CZ says any refunded fine would be directed into U.S. investments, while his legal team firmly denied rumors of any crypto payoff for the pardon.

Parth Dubey By Parth Dubey Yana Khlebnikova Editor Yana Khlebnikova Updated 2 mins read
CZ to Invest $4.3B DoJ Fine in the US if Refunded Post Pardon

Key Notes

  • Changpeng Zhao says any refunded fine would be used for U.S.investments.
  • Legal experts argue the fine applies to Binance, not CZ personally.
  • CZ’s legal team has publicly rejected the rumors of a crypto payoff for the pardon.

Binance co-founder Changpeng Zhao has suggested that if the US government ever returns any portion of the $4.3 billion settlement paid by his company, he would reinvest it back into the American economy. The comment comes after the executive saw a presidential pardon in October.

Zhao acknowledged on X that asking for a refund could be excessive, as he already appreciated the pardon. He confirmed that he had not yet made any such request, but if in case he receives any amount, it would be used to benefit America as a token of gratitude.

Will CZ Receive a $4.3B Refund?

The discussion started from a public question posed by blockchain advisor Anndy Lian. Some observers argue that a presidential pardon removes guilt and that the multibillion-dollar penalty no longer stands.

Notably, the $4.3 billion settlement was imposed on Binance as a company for its failure to comply with anti-money laundering and sanctions regulations. A presidential pardon applies to criminal liability, not necessarily to corporate financial settlements.

As a result, many legal analysts are suggesting that the fine still remains legally binding unless challenged and overturned.

Rumors of Crypto Payoff Rejected

Donald Trump’s presidential pardon of CZ has resulted in massive scrutiny. Critics argue that the pardon raises serious questions about conflicts of interest and the fairness of regulatory enforcement.

Many claim that Zhao or Binance secretly paid President Donald Trump in cryptocurrency to obtain clemency. However, Teresa Goody Guillen, who led Zhao’s U.S. defense team, dismissed the allegation during a recent interview with crypto expert Anthony Pompliano.

 

Guillen noted that any large crypto transfer would be publicly visible on the blockchain. She added that Zhao has never attempted to buy influence before, during, or after sentencing.

Trump also previously dismissed such rumors, claiming he didn’t know CZ personally. He framed the pardon as correcting an unfair campaign by the previous administration against the crypto industry.

The pardon came after CZ pleaded guilty in 2023 to violating the US Bank Secrecy Act for his exchange’s anti-money-laundering lapses. He served four months in prison and paid a $50 million personal fine.

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Parth Dubey

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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