[Congressional Record Volume 172, Number 51 (Friday, March 20, 2026)]
[Senate]
[Page S1450]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4724. Mr. WELCH submitted an amendment intended to be proposed by 
him to the bill S. 1383, to establish the Veterans Advisory Committee 
on Equal Access, and for other purposes; which was ordered to lie on 
the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. CONDEMNING THE PARDON OF CHANGPENG ZHAO.

       (a) Findings.--Congress finds the following:
       (1) Changpeng Zhao, the founder and Chief Executive Officer 
     of Binance Holdings Ltd., pleaded guilty to failing to 
     maintain an effective anti-money laundering program.
       (2) Mr. Zhao was sentenced to 4 months in prison for his 
     conduct.
       (3) At the same time, Binance Holdings Ltd. admitted it 
     engaged in anti-money laundering, unlicensed money 
     transmitting, and sanctions violations.
       (4) As part of the plea agreement, Binance Holdings Ltd. 
     agreed to forfeit $2,510,650,588 and pay a criminal fine of 
     $1,805,475,575.
       (5) World Liberty Financial, which is owned in part by 
     President Donald J. Trump and members of his family, have 
     numerous business ties to Binance Holdings Ltd.
       (6) On October 23, 2025, President Donald J. Trump pardoned 
     Mr. Zhao.
       (b) Condemning Pardon.--Congress condemns the pardon issued 
     to Changpeng Zhao.
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