From October 23, 2025, edition of NBC Nightly News with Tom Llamas.

TOM LLAMAS (NBC NIGHTLY NEWS ANCHOR): Garrett Haake joins us now live from the White House. And Garrett, another headline tonight, the president pardoning the founder of a high profile crypto exchange?

GARRETT HAAKE (NBC NEWS CORRESPONDENT): That's right, Tom. Billionaire binance founder Changpeng Zhao, known as CZ, had already served his four-month sentence after pleading guilty to charges of enabling money laundering through the crypto exchange. Today, the White House said Zhao had been overcharged by the Biden administration. The president is now facing criticism because Binance had supported the Trump family's own crypto company.