Friday, October 24, 2025
Happy Friday everyone!
Trump is proving he was called the ‘Crypto President’ for some good reasons. The US President’s latest pardon and a new Trump-linked crypto venture are shaking up global markets. The second-time US President has granted Binance founder Changpeng Zhao “CZ” a full pardon, signaling an end to Washington’s “war on crypto.” Meanwhile, Trump-backed American Bitcoin is eyeing expansion into the UAE, holding talks with ADQ and Taqa.
Donald Trump Grants Full Pardon To Binance Founder Changpeng Zhao (CZ)
📰 What is it about?
Donald Trump has granted a full and unconditional pardon to Changpeng “CZ” Zhao, Binance’s founder, following his 2023 conviction for anti-money-laundering violations. The White House described the move as ending the Biden-era “war on crypto,” signaling a friendlier stance toward digital assets.
💡 Why it matters?
The pardon underscores a major pivot in U.S. crypto regulation, potentially boosting market confidence while raising concerns about ethical standards and political influence. Critics highlight Binance’s history of compliance issues and potential conflicts of interest linked to Trump’s own crypto ventures.
🔜 What’s next?
Zhao’s pardon could pave the way for Binance to resume U.S. operations, though regulatory clarity remains uncertain. The move may reshape the global crypto landscape, testing how Washington balances innovation, investor protection, and integrity in financial oversight.
Trump-Backed Bitcoin Miner Eyes UAE Expansion Amid Crypto Policy Shift
📰 What is it about?
American Bitcoin, backed by Donald Trump Jr. and Eric Trump, is in talks with Abu Dhabi’s ADQ and energy giant Taqa to expand its crypto mining operations into the UAE. CEO Mike Ho said the country’s excess power supply makes it an ideal base for large-scale bitcoin mining.
💡 Why it matters?
The potential expansion highlights the UAE’s growing appeal as a global crypto hub, combining favorable regulation with abundant energy resources. It also ties into the Trump family’s increasing involvement in digital assets following President Trump’s broader push to boost the U.S. crypto sector.
🔜 What’s next?
If finalized, the move could further strengthen the UAE’s role in global bitcoin mining, which already accounts for over 2% of global activity. American Bitcoin’s entry may also accelerate partnerships between Gulf sovereign funds and U.S.-based crypto firms seeking regulatory-friendly environments.
🔎 From the World of Crypto
Dubai’s Virtual Assets Regulatory Authority (VARA) fined 19 companies for operating without licenses
Another ‘Satoshi era’ wallet from 2009 has awakened and moved Bitcoin
Polymarket bets that Sam Bankman-Fried gets pardon surge to 12%
Bitcoiners push to bring BTC payments to Signal as privacy meets crypto
Ripple Said to Lead $1B Fundraise to Bulk Up XRP Holdings Amid Fragile Market
Crypto execs fork over cash at Trump’s ballroom fundraiser: Report
