Summary
President Donald Trump pardoned Changpeng Zhao, the founder of the cryptocurrency exchange Binance. Zhao had been convicted for not stopping illegal activities on the platform. A White House news briefing is scheduled regarding this matter.
Key Facts
- President Trump pardoned Changpeng Zhao, Binance founder.
- Zhao was convicted for not preventing illegal use of Binance for crimes like child sex abuse and terrorism.
- Zhao previously requested a pardon from Trump.
- Trump has financial ties to World Liberty Financial, a crypto venture.
- Trump’s financial report shows earnings over $57 million from World Liberty Financial last year.
- An investment fund from the UAE plans to use $2 billion in stablecoin to buy a stake in Binance.
- White House press secretary Karoline Leavitt will speak at a news briefing.
- The pardon follows Zhao's guilty plea for failing to maintain an anti-money-laundering program.
