Senators Call for Investigation Into Trump’s Pardon of Binance Founder

Seven Democratic Senators, including Elizabeth Warren and Bernie Sanders, have sent a letter to the US Attorney General and Treasury Secretary requesting an investigation into President Donald Trump's pardon of Binance founder Changpeng Zhao (CZ). The senators argue the pardon sets a troubling precedent, potentially encouraging white-collar crime by signaling that executives can commit crimes with impunity if they enrich Trump. They cited evidence suggesting overlapping financial and political interests, specifically Binance's developing ties with Trump's crypto venture, World Liberty Financial (WLFI), which included exploring collaborations and the launch of WLFI's USD1 stablecoin on the Binance Smart Chain. The senators claim these favorable deals preceded CZ's public request for clemency, which Trump granted shortly after related financial activities involving Trump-linked entities were reported. Separately, Senators Warren and Schiff are attempting to pass a resolution by unanimous consent condemning the pardon, reflecting broad Democratic concern over Trump's recent crypto-related pardons, including those for the Bitfinex hacker and Ross Ulbricht.

(Source：BeInCrypto)