Who is Changpeng Zhao? Donald Trump Pardons Binance CEO
Summary
President Donald Trump has pardoned Changpeng Zhao, the founder of Binance, which is the world's largest cryptocurrency exchange. Zhao had been jailed for not stopping illegal activities on the platform. He is connected to a cryptocurrency venture started by Trump and his sons.Key Facts
- President Trump pardoned Changpeng Zhao, the founder of Binance.
- Binance is the largest cryptocurrency exchange in the world.
- Zhao went to jail for not preventing criminals from using Binance to transfer illegal funds.
- Zhao is linked to World Liberty Financial, a cryptocurrency project by Trump and his sons.
- President Trump's recent financial records show he earned over $57 million from World Liberty Financial last year.
- World Liberty Financial plans to use a stablecoin called USD1, pegged to the U.S. dollar.
- A fund from the United Arab Emirates intends to invest $2 billion in Binance using USD1.
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