Why did Trump pardon Changpeng Zhao?

Asked 6 days ago

Answer

Trump pardoned Changpeng Zhao citing overreach by the Biden administration in prosecuting the crypto industry, lack of fraud or victims, and to facilitate Binance's return to the US. Reports also highlight Trump's financial ties to crypto ventures and prior deal talks with Binance.

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Trump pardons Binance founder Changpeng Zhao

CBS News · Older

CBS News

Older

President Trump issued a pardon for Binance founder Changpeng Zhao. 10s
Zhao was convicted for failing to prevent criminal activity and enabling money laundering on Binance. 43s
In 2023, Zhao settled with the DOJ for $4.3 billion. 54s
Zhao has ties to World Liberty Financial, a crypto venture linked to Trump and his sons. 1m 8s
The White House described the pardon as a response to prosecution by the Biden administration. 1m 35s

Politics Crime Crypto

References

Trump pardons Binance founder Changpeng Zhao

CBS News

7 days ago

Trump pardons Binance founder Changpeng Zhao

Press Secretary Caroline Leavitt said Trump pardoned Zhao, prosecuted by the Biden administration in their 'war on cryptocurrency,' despite no allegations of fraud or identifiable victims.

CBS News

7 days ago

Trump pardons Binance founder Changpeng Zhao

Zhao has deep ties to World Liberty Financial, a crypto venture launched by Trump and his sons, from which Trump made over $57 million last year.

CNBC

7 days ago

Trump pardons convicted Binance founder

The White House stated Trump pardoned Zhao as an exercise of constitutional authority, criticizing the Biden administration's prosecution as a 'war on cryptocurrency' and noting no allegations of fraud or identifiable victims.

CNBC

7 days ago

Trump pardons convicted Binance founder

The Wall Street Journal reported the Trump family held deal talks with Binance for an equity stake, and Trump is personally involved in crypto through World Liberty Financial.

Why did Trump pardon Changpeng Zhao?

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