S.Amdt. 4724

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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