"On Oct. 23, Trump pardoned Changpeng Zhao, who goes by CZ. In 2023, Zhao resigned as the CEO of Binance and pleaded guilty to failing to rout out money laundering on his platform. He served four months in prison. After Trump's victory in 2024, Binance formed a high-level task force to strike a deal with the Trumps' nascent cryptocurrency venture, World Liberty Financial, that Binance could leverage into clemency for Zhao, The Wall Street Journal reported last week, citing sources familiar with the matter."
"Trump has denied knowing much, if anything, about the pardon he signed. I don't know who he is, Trump told 60 Minutes on Sunday. I know he got a four-month sentence or something like that. And I heard it was a Biden witch hunt. Speaker Mike Johnson (R-LA) has also pleaded ignorance. I don't know anything about that, the speaker said on Monday, adding to the growing list of news items he has not seen. I didn't see the interview."
"In one of them, Trump said the pardon was recommended to him. Here is their exchange: COLLINS: Should the president know who he's pardoning? MULLIN: Well, I don't know anything about this one. That's the first time I've seen that. But I would say the president has the authority to pardon people. And and that's within his realm to do it. So, I'm not gonna question who he pardons, who he doesn't pardo"
On Oct. 23, President Donald Trump pardoned Changpeng Zhao (CZ). In 2023, Zhao resigned as Binance CEO and pleaded guilty to failing to rout out money laundering on the platform, serving four months in prison. After Trump’s 2024 victory, Binance formed a high-level task force to pursue a deal with the Trump family's nascent cryptocurrency venture, World Liberty Financial, potentially leveraging that relationship to secure clemency for Zhao. Binance promoted the venture's new stablecoin, boosting its market cap from $127 million to over $2.1 billion. Multiple prominent Republicans, including Trump, Speaker Mike Johnson, and Sen. Markwayne Mullin, have said they do not know details about the pardon.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]