US EditionTrump 'Terribly Advised' on Crypto Billionaire Pardon: Key Supporter
Changpeng Zhao received a full pardon from Trump after serving four months for money laundering linked to Binance, which facilitated billions in illicit transactions, officials said.
- On Thursday, President Donald Trump granted a full pardon to Changpeng Zhao, founder of Binance, who pleaded guilty in 2023 and completed a four-month sentence for money laundering.
- Binance's compliance failures left billions in illicit transactions linked to child-sex-abuse material and drug trafficking, and Zhao backed World Liberty Financial, enriching the Trump family through crypto ventures last year.
- A vocal Trump backer, Joe Lonsdale, wrote on X that `POTUS has been terribly advised` and warned the pardon creates an appearance of fraud despite his support for President Donald Trump.
- White House press secretary Karoline Leavitt said Trump was `exercising his constitutional authority` and President Donald Trump acted on recommendations, while Changpeng Zhao posted on X he was `Deeply grateful for today’s pardon` shortly after.
- In March, the Securities and Exchange Commission dropped a lawsuit against Binance, and the White House revealed Palantir Technologies contributed to Trump's planned ballroom, expected to cost $300 billion.
11 Articles
11 Articles
Murdoch Paper Flays Trump For ‘Stench’ of Crypto Pardon
The Rupert Murdoch-owned Wall Street Journal has published a blistering editorial claiming that America’s Founding Fathers would be confounded by President Donald Trump’s pardoning of a cryptocurrency kingpin. “It sure looks like a conflict of interest,” the WSJ wrote about the bombshell pardon Trump granted crypto billionaire Changpeng Zhao on Thursday. “A reasonable person would look at this and easily conclude that presidential leniency can b…
Trump Pardons Binance CEO Changpeng Zhao, Who Aided Trump Family’s Crypto Firm
President Trump on Thursday pardoned the convicted founder of the cryptocurrency exchange Binance. Changpeng Zhao pleaded guilty in 2023 to enabling money laundering while he was CEO of Binance. According to The Wall Street Journal, Binance struck a business deal with World Liberty Financial, the Trump family’s crypto startup, which has generated $4.5 billion since Trump returned to office. Binance also reportedly hired lobbyist Charles McDowell…
Binance’s CZ Prepares for Second Act as Trump Wipes Slate Clean
Hours after receiving a pardon from President Donald Trump, Binance Holdings Ltd.’s billionaire co-founder Changpeng Zhao issued a thank-you message mid-flight — and signaled his renewed ambitions for the world’s largest crypto exchange.
Trump 'terribly advised' on crypto billionaire pardon: Key supporter
Venture capitalist Joe Lonsdale, a key supporter of President Trump, suggested Thursday that the president was “terribly advised” on his decision to pardon Binance founder Changpeng Zhao. “I love President Trump; this is possibly the greatest admin of my lifetime — except for these pardons,” Lonsdale wrote Thursday in a post on social platform X, just hours after Trump issued Zhao clemency. “If I’m calling balls and strikes, these are hit-by-pi…
'Looks like massive fraud': Pro-Trump billionaire rips president over shocking pardon
Private equity billionaire Joe Lonsdale – a vocal supporter of President Donald Trump – criticized the president’s decision Thursday to pardon billionaire Changpeng Zhao, who pleaded guilty to money laundering charges back in 2023.Zhao, who is the 21st-richest person on earth according to Forbes, wa...
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