In brief
- President Trump granted a full pardon to Binance founder Changpeng “CZ” Zhao, who served four months for violating U.S. anti-money-laundering laws.
- Top Democrats, including Maxine Waters and Elizabeth Warren, condemned the move as “pay-to-play corruption” tied to Trump’s crypto ventures.
- Trump said he pardoned Zhao “at the request of a lot of very good people.”
President Donald Trump pardoned Binance founder Changpeng Zhao on Thursday, triggering backlash from Democrats who accuse the administration of rewarding criminal behavior amid a government shutdown, in exchange for billions allegedly funneled into Trump’s personal crypto ventures.
“Trump’s pardon of Binance founder Changpeng Zhao—who pleaded guilty to enabling money laundering and facilitating suspicious transactions with child abusers, drug dealers, and terrorists—is an appalling but unsurprising reflection of his presidency: one defined by corruption, self-interest, and loyalty to criminals over working-class American families,” Ranking Member Maxine Waters said in a Wednesday statement.
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Author: Vismaya V
