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.
About This Bill
Committee
Latest Action · October 23, 2025
Referred to the Committee on the Judiciary. (text: CR S7733)
This Senate resolution condemns President Trump's pardon of Changpeng Zhao, the founder of cryptocurrency exchange Binance, who pleaded guilty in 2023 to willfully failing to maintain anti-money laundering safeguards as the company's CEO. Binance itself pleaded guilty to multiple criminal charges and paid over $4.3 billion in penalties, with the resolution noting that the company's failures allowed money to flow to terrorists, foreign adversaries, and criminals. The resolution raises concerns about potential conflicts of interest, pointing out that Trump family members were negotiating to purchase a stake in Binance and that Zhao's pardon followed shortly after significant cryptocurrency transactions involving the Trump family's own cryptocurrency company, World Liberty Financial. The resolution calls on Congress to use its authority to prevent what it characterizes as corruption related to the pardon. No specific legislation, funding, or timeline is proposed—this is a non-binding resolution expressing the Senate's position and calling for future congressional action to address the issue.
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