BNB’s price surge dominated headlines on today after President Donald Trump pardoned Changpeng Zhao a day before. He is the Binance founder who had served four months for Bank Secrecy Act violations. The token climbed past $1,100, and this has sparked some speculation about whether CZ returns to Binance and if the BNB $1,300 target can even be reached right now.
BNB Price Surge After Trump Pardons CZ Ignites $1,300 Target Speculation
Presidential Pardon Was Announced and Market Rallied
Trump pardons CZ came on Wednesday, with the announcement being made by the White House on Thursday. Zhao had actually pleaded guilty back in 2023 and also stepped down as the Binance founder and CEO at that time. White House Press Secretary Karoline Leavitt stated:
“President Trump exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.”
The BNB price surge has pushed year-to-date gains above 60% at the time of writing, which in my view is incredible. Trump, when he was asked about the pardon decision, said:
“A lot of people say that he wasn’t guilty of anything. And so I gave him a pardon at the request of a lot of very good people.”
Also Read: US President Donald Trump Pardons Binance Founder CZ
Will CZ Return to Binance and Can BNB Hit $1,300?
The big question that’s being asked right now is whether CZ returns Binance in any kind of role. Senator Elizabeth Warren criticized the decision, and she is convinced about the fact that:
“First, Changpeng Zhao pleaded guilty to a criminal money laundering charge. Then he boosted one of Donald Trump’s crypto ventures and lobbied for a pardon.”
[Image 3: Portrait photo of Changpeng Zhao, former Binance CEO]
The BNB $1,300 target is actually being discussed by traders as technical momentum continues to build. Right now, the pardon of the Binance founder removes some uncertainty that had been weighing on overall sentiment. Zhao responded on on X by saying:
“Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice.”
The BNB price surge continues as Trump pardons CZ marks what could be a turning point for crypto regulation. Whether the BNB $1,300 target gets hit depends on if momentum stays strong and also if CZ returns Binance operations at all.
Also Read: Coinbase to List Binance Coin (BNB)
