On October 23, 2025, the cryptocurrency market experienced a significant surge following President Donald Trump’s pardon of Changpeng “CZ” Zhao, the founder of Binance. The move, described by the White House as the end of the “war on cryptocurrency,” immediately removed a major legal overhang for the Binance ecosystem, sparking a sharp rally in its native token, BNB.
Immediate Market Reaction and Price Surge
The announcement served as a powerful catalyst for the markets. The price of Binance Coin (BNB) surged between 5% and 15% following the news, breaking above the key psychological level of $1,100 to trade around $1,128. This bullish sentiment wasn’t confined to BNB alone. Major cryptocurrencies like Bitcoin (BTC) also benefited, reclaiming the $110,000 level as investors interpreted the pardon as a broad signal of reduced regulatory uncertainty for the entire industry. The rally was further amplified by BNB’s newfound accessibility, as it was listed on major retail trading platforms like Coinbase and Robinhood on the same day, significantly expanding its potential investor base.
A New Regulatory Era and Market Outlook
The pardon is widely seen as the clearest sign yet of a profound shift in the U.S. government’s stance toward digital assets. By clearing CZ’s 2023 felony conviction for anti-money laundering violations, the administration has signaled a move away from the aggressive enforcement of the previous years and toward a more innovation-friendly policy. This newfound regulatory clarity has boosted market confidence, with analysts projecting that BNB could now target the $1,200 to $1,500 range in the short term. The event has also intensified focus on the potential for pro-crypto legislation, such as the CLARITY Act, to gain traction, potentially solidifying the U.S. as a global hub for cryptocurrency innovation.
