Trump’s Attempts to Downplay Binance Pardon Draw Scrutiny

White House Points to Biden to Explain Trump’s Crypto Pardon

Binance founder Zhao Changpeng Yong Li Xuan/APPresident Donald Trump started a firestorm Sunday after he said he didn’t “know who” Changpeng Zhao, a cryptocurrency billionaire he’d recently pardoned, was. But he clearly knew one thing about Zhao: He was prosecuted by the Biden administration.And in Trump’s second term, that’s a major point in favor for people requesting pardons.“The administration definitely is sympathetic to cases of weaponizat…

Markwayne Mullin Dodges On Trump’s Crypto Pardon

We can add Sen. Markwayne Mullin to the Sergeant Schultz caucus in the United States Congress.

Trump’s attempts to downplay Binance pardon draw scrutiny

President Trump has sought to distance himself from Binance founder Changpeng Zhao after facing backlash for pardoning the cryptocurrency billionaire whose company has had business dealings with the Trump family’s digital finance venture.  The president’s comments have revived scrutiny of his family’s financial interest in the crypto industry and Trump’s own repeated claims that former…

Trump Denies Knowing Binance Founder He Pardoned in $2B Crypto Deal

President Donald Trump has denied knowing the convicted cryptocurrency billionaire he pardoned last month, despite his company's significant role in a deal that dramatically increased the value of the Trump family's crypto venture.In an interview with CBS's 60 Minutes aired on Sunday, Trump told Norah O'Donnell, 'I don't know who he is,' when asked about Changpeng Zhao, the founder of Binance, one of the world's largest cryptocurrency exchanges.…

Binance CEO Denies Role in Trump Family-Backed Stablecoin

TLDR Binance CEO Richard Teng denies Binance’s role in selecting the USD1 stablecoin for MGX investment deal. Teng confirms MGX, not Binance, decided to use USD1 stablecoin for the $2 billion investment deal. Lawmakers raised concerns about potential political influence after Trump pardoned former Binance CEO. The USD1 stablecoin, tied to the Trump family, is issued by World Liberty Financial co-founded by Eric Trump. Binance denied claims from…

Trump said in an interview that he did not know Binance founder whom he pardoned late last month.

CBS News’ Norah O’Donnell asked the president why he pardoned Changpeng Zhao, who is the founder of Binance, creator of the world’s largest cryptocurrency exchange and supporter of the Trump family’s involvement in cryptocurrency. Zhao pled guilty and served four months in prison for ignoring U.S. banking laws and for failing to stop criminals from […] The post Trump said in an interview that he did not know Binance founder whom he pardoned late…