Binance.US denies political motive in listing Trump-linked USD1 stablecoin
Binance.US refuted claims that listing the Trump-linked USD1 stablecoin was political payback following President Trump's pardon of CZ.Summary
Binance.US publicly denied allegations of political favoritism after listing USD1, a stablecoin issued by World Liberty Financial, which is linked to Donald Trump. The denial came after Democratic Senator Chris Murphy suggested the listing was payback following Trump's recent pardon of Binance founder Changpeng Zhao (CZ).
Binance.US stated on X that USD1 and WLFI are listed on over 20 U.S. exchanges, including Coinbase and Robinhood, and that the listing was approved through its standard committee process as a routine business decision. The exchange expressed disappointment that routine decisions are being politicized.
The context involves scrutiny over Trump's ties to World Liberty Financial and the recent pardon of CZ, who pleaded guilty in 2023 to anti-money laundering failures. CZ thanked Trump for the pardon and pledged support for making America the "Capital of Crypto."
(Source：The Block)