Trump pardons Binance founder Changpeng Zhao
6 months ago
- #Sanctions
- #Trump
- #Cryptocurrency
- President Donald Trump pardons Binance founder Changpeng Zhao, who had ties to Trump's crypto venture, World Liberty Financial.
- Zhao, founder of the world's largest cryptocurrency exchange, served prison time for failing to prevent money laundering linked to crimes like child sex abuse and terrorism.
- White House press secretary Karoline Leavitt claims the Biden administration prosecuted Zhao to 'punish the cryptocurrency industry' and calls the pardon a correction of overreach.
- Trump's financial disclosure reveals he made over $57 million from World Liberty Financial, which launched a stablecoin, USD1, and is involved in a $2 billion Binance stake purchase.
- Government shutdown continues as Democrats and Republicans remain deadlocked over Affordable Care Act subsidies, with federal employees missing paychecks.
- Trump backs off sending federal agents to San Francisco after Mayor Daniel Lurie reports progress in reducing crime.
- US sanctions Russia's largest oil companies, Rosneft and Lukoil, to pressure Moscow to end the war in Ukraine, causing oil prices to jump.
- White House East Wing demolished for Trump's $300 million ballroom project, despite earlier claims it wouldn't interfere with the current structure.
- Trump considers releasing imprisoned Palestinian leader Marwan Barghouti to address Gaza's post-Hamas leadership vacuum.
- European Union imposes new sanctions on Russia, targeting its shadow oil fleet and LNG imports, aligning with US efforts.