Summary
Senate Democrats plan to officially criticize President Trump's pardon of Changpeng Zhao, the founder of Binance. This decision has drawn criticism from both parties and is part of ongoing discussions about new laws for the cryptocurrency market.
Key Facts
- Senate Democrats want to officially condemn President Trump's pardon of Changpeng Zhao (CZ), founder of Binance.
- Some Senate Republicans have also criticized the pardon.
- CZ was facing four months in prison for money laundering before the pardon.
- President Trump's pardon could help Binance operate in the U.S.
- The resolution against the pardon is led by Senators Elizabeth Warren and Adam Schiff.
- The Trump family's involvement in cryptocurrency, including businesses related to Binance, has increased scrutiny from lawmakers.
- Sen. Thom Tillis said the pardon sends a bad message for future decisions.
- Congress is currently negotiating new rules for the cryptocurrency market, and the pardon may affect these talks.
