US EditionTrump said he knows 'nothing' about the crypto billionaire he pardoned
Trump pardoned Binance founder Changpeng Zhao despite his guilty plea and denied knowing him, raising concerns about $2 billion crypto deals linked to the Trump family, CBS reported.
- Last month, President Donald Trump pardoned Changpeng Zhao, Binance founder, who pleaded guilty in 2023 and served four months, though Trump said on CBS News' 60 Minutes he did not know him.
- Binance built the technology behind World Liberty Financial's USD1 stablecoin, and an Emirati state-backed fund, MGX, used it to invest $2 billion; members of the Trump family own more than half of World Liberty Financial.
- Rep. Jerry Nadler denounced the pardon as `a shameful abuse of power and a mockery of justice`, while Karoline Leavitt, White House press secretary, defended it as part of a `war on cryptocurrency` and said it was `thoroughly reviewed`.
- The pardon lifts prior restrictions on Changpeng Zhao but regulators' response remains unclear, while observers say it may pave the way for Binance platform's U.S. comeback.
47 Articles
47 Articles
Trump Remarked He Doesn't Know Crypto Billionaire Changpeng Zhao Amid Pardon Controversy — Senator Hits Back, 'He Thinks We're So Dumb'
President Donald Trump distanced himself from Binance (CRYPTO: BNB) founder Changpeng “CZ” Zhao, amid heavy criticism over his pardon of the cryptocurrency mogul. Trump Says CZ Victimg Of ‘Biden Witch Hunt’ During a “60 Minutes” interview with CBS News, Trump was asked about his family’s association with Binance and why he chose to pardon CZ. “I don't know who he is,” Trump responded. “I know he got a four-month sentence or something like that. …
Trump Ripped For Hypocrisy After Claiming He 'Doesn't Know' Who Crypto Founder He Just Pardoned Is
President Donald Trump was criticized after he claimed during a sit-down interview with 60 Minutes correspondent Norah O'Donnell that he doesn't know who Binance cryptocurrency exchange founder Changpeng Zhao is despite pardoning him less than two weeks ago.In 2023, Zhao pleaded guilty to violating anti–money laundering laws after Binance allegedly failed to report suspicious transactions involving groups such as Hamas and al-Qaida. He later apo…
Changpeng Zhao, the founder of the Binance crypto exchange, who was pardoned by US President Donald Trump, has contributed to the success of the Trump family's crypto company.
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