"Binance's lawsuit protests a subheading on the article that said, 'Weeks after Trump pardoned Binance's founder, the company dismantled [the] probe and suspended the investigators.' A current reading of that article, however, shows the subheading now includes a note that 'Binance denied inquiry ended or staff fired for the concerns.'"
"According to Blumenthal, Binance is now a 'vital engine' of Trump's family business, as 'about 85 percent of WLFI's stablecoins (USD1) are held in Binance accounts.' Lawmakers are concerned that 'instead of actually preventing illicit use, Binance has sought to evade accountability and influence the White House through lobbying and a financial partnership.'"
Binance filed a lawsuit against the Wall Street Journal alleging the publication refused to include the company's statements in a critical report. However, examination of the article reveals it was edited to add a note stating 'Binance denied inquiry ended or staff fired for the concerns.' A subsequent WSJ report on a Justice Department probe into Binance includes many of the statements the company claimed were omitted. The lawsuit appears unlikely to impede government investigations, particularly as lawmakers like Senator Blumenthal continue monitoring Binance's alleged attempts to influence the Trump administration following the controversial pardon of founder Zhao.
#binance-lawsuit #wall-street-journal-editorial-practices #trump-pardon-controversy #cryptocurrency-regulation #political-influence-allegations
Read at Ars Technica
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