Waking up to see the screen filled with news about Trump pardoning CZ, let's discuss what this pardon means the most for CZ.

Firstly, under the U.S. judicial system, the president has the constitutional power to grant pardons for federal offenses. A pardon means that the pardoned individual no longer carries a federal criminal record, and any restrictions on punishment may be terminated or lifted.

The key point here is "restrictions on punishment may be terminated or lifted." Many may not realize that although CZ has completed his sentence, there is still a restriction on him:

The judgment explicitly states that CZ is prohibited from participating in the management or decision-making activities of #Binance for three years after his release, and during this period, Binance must be operated under the supervision of an independent compliance officer (Monitor), who reports directly to the U.S. Department of Justice.

This restriction is part of the sentencing conditions and is an "additional clause" of criminal and compliance penalties. If this pardon is a "political pardon" from Trump (symbolic forgiveness for innovators), it is very likely to be a "full pardon." Therefore, theoretically, CZ could regain control of Binance or return as an advisor.

Of course, this is not without limitations; the compliance monitoring (Monitor) agreement for Binance remains in effect. This is a corporate compliance agreement signed with the Department of Justice and is not automatically voided by personal pardons. In other words, even if CZ can return to his position, Binance will still be subject to a three-year monitoring period.

So, for CZ, the biggest benefit of this pardon may be the ability to participate in decision-making at Binance again. Initially, it is likely to be in the role of an advisor, but it is enough for CZ to legally and compliantly engage in the daily operations of Binance.

This article is sponsored by #Bitget ｜ @Bitget_zh

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