Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment, submitted by Mr. Welch, aims to add a section to bill S. 2 that condemns the pardon of Changpeng Zhao.
The amendment provides the following findings:
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Changpeng Zhao, the CEO and founder of Binance Holdings Ltd., pleaded guilty to not maintaining an effective anti-money laundering program and was sentenced to 4 months in prison.
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Binance Holdings Ltd. admitted to sanctions violations, unlicensed money transmitting, and anti-money laundering.
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Binance Holdings Ltd. agreed to pay a criminal fine of $1,805,475,575 and forfeit $2,510,650,588 as part of the plea agreement.
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World Liberty Financial has business ties to Binance Holdings Ltd. and is owned in part by members of President Donald J. Trump's family and President Donald J. Trump.
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President Donald J. Trump pardoned Mr. Zhao on October 23, 2025.
- 6/4/2026
- Senate amendment submitted
This bill has no cosponsors