President Donald Trump has formally pardoned Changpeng Zhao, founder of cryptocurrency exchange Binance, who pleaded guilty to money-laundering charges in 2023.
“Most corrupt administration in history,”
said Sen. Patty Murray of the latest Trump pardon. According to The Wall Street Journal, the pardon came after months of efforts by Zhao to boost the Trump family's own crypto company, World Liberty Financial.
Author's summary: Trump pardons crypto magnate Changpeng Zhao.