Author：Avalanche🔺
On October 24th, Bijie.com reported that Trump signed a landmark pardon, vacating the conviction of Binance founder Changpeng Zhao for violating the Bank Secrecy Act. This decision not only marked a significant shift in US cryptocurrency regulation, but also directly drove a surge in the price of BNB (Binance Coin) and bolstered market confidence in Binance and its ecosystem.
Trump's pardon was seen as a direct rebuttal to Biden's stringent crypto regulatory policies. White House spokeswoman Carolyn Levitt stated that the pardon was intended to "correct the previous administration's war on cryptocurrencies" and emphasized that Changpeng Zhao had not been implicated in fraud or caused losses to victims. This decision not only cleared Changpeng Zhao's personal legal record but also sent a clear signal to the global market: the US may be adjusting its regulatory stance on cryptocurrencies.
In the volatile crypto market, the XBIT Wallet BNB wallet, with its rigorous security and compliance mechanisms, helps users navigate regulatory changes. It supports the BNB Chain ecosystem and utilizes multi-signature and cold storage technologies to ensure asset security. At the same time, its compliance-compliant design enables it to quickly adapt to regulatory requirements in different regions, allowing users to use BNB with confidence globally.
BNB's price has rapidly responded. According to BNB data, BNB's price climbed to $1,116.23, a 4.68% increase in 24 hours, with trading volume surging 56.07% to $5.69 billion. Although BNB fell 2.97% over the past week, market confidence generated by the pardon has maintained its 60-day gain at 28.27%.
This price movement reflects investors' optimistic outlook on Binance's future development. Reduced legal risk means Binance can expand its business more freely, attract more institutional investors, and promote BNB's adoption in the DeFi and Web3 ecosystems. The XBIT decentralized exchange's BNB wallet not only supports secure BNB storage but also offers highly liquid trading pairs, allowing users to quickly transfer BNB and enjoy extremely low transaction fees. Whether for daily transactions or large transfers, XBIT Wallet provides a smooth experience, helping users seize investment opportunities arising from BNB's price fluctuations.
Following the pardon, Binance's legal risks have been significantly reduced, enabling it to more aggressively expand its global business. Previously, some institutional investors were cautious about Binance due to regulatory uncertainty. Now, with legal barriers removed, Binance is expected to attract more capital from traditional financial institutions, further solidifying its dominance in the crypto market.
Furthermore, Binance CEO Richard Teng publicly thanked Trump for the pardon, calling it a "critical moment for Binance and the entire cryptocurrency industry." This statement not only boosted market confidence but also paved the way for Binance's future strategic development. The XBIT Wallet decentralized web3 wallet, BNB Wallet, supports not only BNB but also numerous DeFi projects on the Binance Smart Chain (BSC), such as PancakeSwap and Venus. Users can easily manage BNB and BEP-20 tokens and participate in high-yield activities like liquidity mining and staking, maximizing the value of the BNB ecosystem.
According to Bijie.com, this pardon could be a watershed moment in US crypto regulatory policy. Analysts believe that if the US government adopts a more open attitude in the future, the cryptocurrency industry could usher in a new round of growth. As a core asset in the Binance ecosystem, BNB's demand and adoption are likely to increase further.
The Bijie Research Team noted that this incident could set a precedent for the crypto industry, prompting regulators to develop clearer and more user-friendly policy frameworks. If the US shifts towards supporting innovation rather than suppressing it, the market position of mainstream crypto assets like BNB will be further consolidated. In an environment of tightening regulation, the XBIT Wallet decentralized wallet, web3 economic pass, and BNB wallet utilize bank-grade security technologies, including end-to-end encryption, two-factor authentication (2FA), and real-time risk monitoring, to ensure that users' BNB assets are protected from policy changes or attacks. Its decentralized storage solution also allows users to truly control their assets, free from the influence of any centralized platform.
Trump's pardon of Changpeng Zhao is not only a personal victory, but also a turning point for the entire cryptocurrency industry. The surge in BNB's price, the expansion of Binance's business, and the potential improvement in the regulatory environment all indicate that the crypto market is about to enter a more stable and prosperous phase. XBIT Wallet BNB wallet, as an ideal choice for users to manage BNB, will continue to help investors move forward steadily in this market full of opportunities.
