Daniel Silva Quoted in Wired

Trump’s CZ Pardon Has the Crypto World Bracing for Impact

By: Joel Khalili

The Trump administration has recast Binance founder CZ as a martyr—and his pardon may have unintended consequences for the US crypto industry.

“In a strictly legal sense, the pardon changes little; both Zhao and Binance are still bound by the plea agreements, which prevent the founder from returning to an active role at Binance and prohibit the company from operating in the US, says Daniel Silva, partner at law firm Buchalter.

Equally, while Zhao’s criminal record has been erased, his testimony has not. “He still admitted to all those things under penalty of perjury,” says Silva. “While he’s no longer technically a felon, that doesn’t negate the admissions that he made.” Prospective business partners will still take those admissions into consideration, he says.”

To read the full article, click HERE.