US senator questions USD1 launch on Binance.US following CZ pardon

Connecticut Senator Chris Murphy publicly alleged corruption regarding Binance.US promoting the USD1 stablecoin, which is tied to World Liberty Financial (a Trump family crypto company), just one week after President Donald Trump pardoned former Binance CEO Changpeng “CZ” Zhao. Murphy's criticism, made via X, suggested the exchange was rewarding the pardon. Zhao's pardon on October 23 generated controversy, with questions arising over potential financial incentives, such as a reported $2 billion investment in Binance using USD1 by an Abu Dhabi-based firm. This incident adds to ongoing scrutiny from Congress; several senators previously wrote to the Justice Department criticizing the pardon as signaling that executives can commit crimes with impunity, and Representative Ro Khanna announced plans to introduce legislation banning trading by presidents, their families, and members of Congress due to the pardon, which he called "blatant corruption."

(Source：Cointelegraph)