S.Res. 466Senate119th Congress (2025-2027)In Committee

A resolution condemning President Trump's pardoning of Binance founder Changpeng Zhao, who had violated United States anti-money laundering laws, and calling for Congress to use its authority to stop this form of corruption.

Introduced October 23, 2025

AI-Generated Summary

Updated November 23, 2025 at 8:02 PM UTC

This Senate resolution denounces President Trump's decision to fully pardon Changpeng Zhao, the Binance CEO who pleaded guilty to failing to maintain an effective anti‑money‑laundering program. It calls on Congress to take action to stop this type of corruption, affecting the President, the pardoned individual, and the broader financial‑regulation landscape.

Key Provisions

  • Condemns President Trump's pardon of Binance founder Changpeng Zhao for violating U.S. anti‑money‑laundering laws.
  • Urges Congress to use its authority to prevent similar instances of corruption.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Referred to the Committee on the Judiciary. (text: CR S7733)

October 23, 2025

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SenateIntro Referral

Introduced in Senate

October 23, 2025

SenateIntro Referral

Referred to the Committee on the Judiciary. (text: CR S7733)

October 23, 2025

Floor Debate

16 members

What members said about S.Res. 466 on the floor

7 Republicans9 Democrats
Tim Kaine
Sen. Tim KaineD-VA · Oct 28, 2025

Mr. President, I ask permission to display on my colleague's desk my office supply of ground coffee. Mr. President, I rise to speak about a vote that we will cast in a few hours with respect to…

John Kennedy
Sen. John KennedyR-LA · Oct 28, 2025

Mr. President, I ask unanimous consent to display three charts during my remarks. Mr. President, with me today is Mr. James Shea, one of my colleagues from my Senate office. Mr. President, I want to…

Tom Cotton
Sen. Tom CottonR-AR · Oct 28, 2025

Mr. President, I do object to the legislation, and I will outline my reasons a bit more later. But I defer to my good friends from Florida, Alabama, and Rhode Island to speak on behalf of that bill…

John W. Hickenlooper
Sen. John W. HickenlooperD-CO · Oct 28, 2025

Mr. President, the United States is stuck in the painful throes of one of the worst, longest government shutdowns in our history. Americans are calling out for leaders in the White House and Congress…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Oct 28, 2025

Mr. President, for the last 2 months, the people of Illinois have been living under President Trump's so-called Operation Midway Blitz. I have watched it up close. I have seen its victims, and I have…

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Rand Paul
Sen. Rand PaulR-KY · Oct 28, 2025

Mr. President, ``Taxation without representation is tyranny.'' This was the rallying cry of our Founding Fathers. This was the rallying cry of American patriots in the years leading up to the…

Adam B. Schiff
Sen. Adam B. SchiffD-CA · Oct 28, 2025

Mr. President, I rise today in support of Senator Warren's resolution condemning President Trump's decision to pardon Changpeng Zhao. Last week, President Trump once again put his wealthy allies,…

Patty Murray
Sen. Patty MurrayD-WA · Oct 28, 2025

Mr. President, you know, President Trump has singlehandedly raised taxes more than any President in my lifetime. He has, without any consultation or approval from Congress, imposed billions of…

Elizabeth Warren
Sen. Elizabeth WarrenD-MA · Oct 28, 2025

Mr. President, American families are struggling to pay for groceries and rent. Federal workers are missing paychecks. Americans across the country are watching as their health insurance premiums…

Charles E. Schumer
Sen. Charles E. SchumerD-NY · Oct 28, 2025

Mr. President, I thank my friend the Senator from Virginia Senator Kaine for his great work not only on this proposal but on so many. He has been a watchdog for the American people, for the American…

Rick Scott
Sen. Rick ScottR-FL · Oct 28, 2025

I ask the Chair to execute the order of October 7 with respect to S.J. Res. 81. Mr. President, I rise today to talk about my Sunshine Protection Act--a bipartisan, bicameral bill that returns power…

Ron Wyden
Sen. Ron WydenD-OR · Oct 28, 2025

Mr. President, I rise to support my colleagues Senator Kaine and Senator Paul on their joint resolution to terminate Donald Trump's order placing blanket tariffs on products Americans buy from…

Tommy Tuberville
Sen. Tommy TubervilleR-AL · Oct 28, 2025

Mr. President, I come to the floor today to once again talk about the outdated practice of changing our clocks twice a year. This weekend, my constituents back home in Alabama and across America will…

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Cynthia M. Lummis
Sen. Cynthia M. LummisR-WY · Oct 28, 2025

Mr. President, reserving the right to object, article II, section 2, clause 1 of the U.S. Constitution gives the President complete discretion to issue executive clemency. In Ex parte Garland in…

Mike Crapo
Sen. Mike CrapoR-ID · Oct 28, 2025

Mr. President, I rise in opposition to S.J. Res. 81, which would terminate the rule of law national emergency declared with respect to Brazil. I agree with my colleagues that tariffs should be more…

Sheldon Whitehouse
Sen. Sheldon WhitehouseD-RI · Oct 28, 2025

Mr. President, each November, we fall back into darkness very literally. If we pass my Sunshine Protection Act and make daylight saving time permanent, we would gain an hour of afternoon sunlight in…

Bill Text

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Introduced in SenateIssued October 23, 2025

III

119th CONGRESS

1st Session

S. RES. 466

IN THE SENATE OF THE UNITED STATES

October 23, 2025

Ms. Warren (for herself and Mr. Schiff) submitted the following resolution; which was referred to the Committee on the Judiciary

RESOLUTION

Condemning President Trump’s pardoning of Binance founder Changpeng Zhao, who had violated United States anti-money laundering laws, and calling for Congress to use its authority to stop this form of corruption.

Whereas, on November 21, 2023, Changpeng Zhao (known as CZ and referred to in this resolution as Zhao) pleaded guilty to willfully failing to maintain an effective anti-money laundering program while CEO of Binance;

Whereas Binance itself pleaded guilty to multiple criminal charges and was required to pay a total financial penalty of more than $4,300,000,000;

Whereas Binance’s willful failures allowed money to flow to terrorists, foreign adversaries, child abusers, and other criminals;

Whereas, on April 30, 2024, Zhao was sentenced to prison time for his crime;

Whereas, on March 13, 2025, the Wall Street Journal reported that representatives of President Trump’s family were in negotiations to purchase a financial stake in the United States arm of Binance, of which Zhao remains the largest shareholder;

Whereas, in April 2025, Zhao formally applied to President Trump for a pardon;

Whereas, in May 2025, Zhao was involved in the most significant use to date of USD1, a stablecoin issued by the Trump family’s cryptocurrency company, World Liberty Financial, when a United Arab Emirates investment firm called MGX used USD1 to purchase a $2,000,000,000 stake in Binance;

Whereas, on October 23, 2025, President Trump granted a full pardon to Zhao for his crime; and

Whereas, hours following the President’s pardon, the value of the Trump family’s cryptocurrency company, World Liberty Financial, spiked: Now, therefore, be it

That the Senate—

(1)

strongly condemns and denounces President Trump’s pardoning of Binance founder Changpeng Zhao for violating United States anti-money laundering laws; and

(2)

calls on Congress to use its authority to stop this form of corruption.