Trump's Pardon of Crypto King Sparks Controversy
Trump claimed that the Binance founder, Changpeng Zhao, was "persecuted" by Biden's Justice Department as part of a "war on cryptocurrency."
After pardoning Zhao, Trump made this assertion to justify the move, which many see as a quid pro quo with a man whose business used Trump's crypto tokens in a transaction that benefited the president's family firm.
Zhao was "persecuted" by Joe Biden's Justice Department as part of a "war on cryptocurrency."
However, observers argue that this claim is incorrect. Zhao willingly pleaded guilty under a deal with former Attorney General Merrick Garland's Justice Department, resulting in his company paying $4 billion in fines and serving only four months in prison.
Analysts viewed the outcome as a "victory" for Binance and Zhao, contradicting Trump's claims of persecution.
Author's summary: Trump's pardon of crypto king sparks controversy and debate.
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