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US SR466
Resolution
Status
10/23/2025
Primary Sponsor
Elizabeth Warren
Click for details
AI Summary
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Changpeng Zhao ("CZ"), Binance founder and CEO, pleaded guilty on November 21, 2023 to willfully failing to maintain an effective anti-money laundering program; Binance paid over $4.3 billion in penalties for criminal charges
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Wall Street Journal reported on March 13, 2025 that Trump family representatives were negotiating to purchase a financial stake in Binance's U.S. arm, where Zhao remains the largest shareholder
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In May 2025, a UAE investment firm used USD1 (a stablecoin issued by the Trump family's World Liberty Financial) to purchase a $2 billion stake in Binance
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President Trump granted Zhao a full pardon on October 23, 2025, after Zhao formally applied for a pardon in April 2025; World Liberty Financial's value reportedly spiked hours after the pardon
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The resolution strongly condemns the pardon and calls on Congress to use its authority to stop this form of corruption
Legislative Description
A resolution condemning President Trump's pardoning of Binance founder Changpeng Zhao, who had violated United States anti-money laundering laws, and calling for Congress to use its authority to stop this form of corruption.
Crime and law enforcement
Last Action
Referred to the Committee on the Judiciary. (text: CR S7733)
10/23/2025