Trump Pardons Crypto Magnate
President Donald Trump has pardoned Changpeng Zhao, founder of cryptocurrency exchange Binance, who pleaded guilty to money-laundering charges in 2023.
“Most corrupt administration in history,”
said Sen. Patty Murray of the latest Trump pardon. The pardon came after Zhao's efforts to boost the Trump family's crypto company, according to The Wall Street Journal.
- Binance has been a major financial booster of World Liberty Financial, the crypto venture backed by the Trump family.
- The venture has added an estimated $5 billion to the Trump family's total wealth.
- Binance has driven the growth of World Liberty's dollar-pegged cryptocurrency, called USD1.
Author's summary: Trump pardons crypto magnate who helped his family's business.