All articles tagged with #zhao
President Trump claimed ignorance of Binance founder Changpeng Zhao when asked about his recent pardon, suggesting it was a political move and denying any personal involvement or knowledge of Zhao, despite the controversy surrounding the pardon and Binance's activities.
Donald Trump claims he does not know Changpeng Zhao, the founder of Binance, despite pardoning him in October after Zhao pleaded guilty to money laundering charges; Trump attributes the pardon to a 'witch-hunt' by Biden and has no recollection of Zhao, whose case is linked to broader political controversies over pardons and autopen signatures.
US President Donald Trump claimed he does not know cryptocurrency tycoon Changpeng Zhao despite pardoning him, amid controversy over Zhao's criminal charges and the impact on the crypto industry, with Trump emphasizing the importance of US leadership in digital currencies.
Donald Trump pardoned Binance founder Changpeng Zhao, claiming he was persecuted by the Biden administration, despite evidence of Zhao's guilty plea and Binance's negotiated settlement with the Justice Department. Critics argue the pardon is a corrupt quid pro quo, highlighting perceived leniency towards crypto executives and suggesting political motives behind the decision.
The article discusses Donald Trump's tendency to pardon white-collar criminals, particularly those involved in financial crimes like money laundering, with a focus on his recent pardon of Binance founder Changpeng Zhao, highlighting his ideological leniency towards fraudsters and the industry's influence on his pardons.
Binance co-founder Changpeng Zhao received a presidential pardon from Donald Trump, marking a significant moment in the crypto industry as the former president has shown support for crypto entrepreneurs. The pardon follows Zhao's guilty plea related to anti-money laundering violations and Binance's controversial activities, including transactions violating US sanctions. The move highlights the Trump administration's more lenient stance towards crypto enforcement and its ties to industry figures, with Zhao expressing gratitude and intent to promote crypto adoption in the US.
The U.S. SEC has voluntarily dismissed its lawsuit against Binance, marking a shift in regulatory approach towards cryptocurrencies, with Binance and its founder Zhao expressing relief and emphasizing the importance of innovation over enforcement. The case, which involved allegations of market manipulation and unregistered securities, is dismissed with prejudice, and the SEC clarified it does not reflect a broader stance on crypto litigation.