Ex-Binance CEO Changpeng Zhao’s lawyer demands ‘immediate retraction’ from Sen. Warren over post-pardon remarks
Changpeng Zhao's lawyer demanded Senator Warren immediately retract statements made after Trump pardoned the former Binance CEO.Summary
Teresa Goody Guillén, the lawyer for former Binance CEO Changpeng Zhao, sent a letter to Senator Elizabeth Warren demanding an immediate retraction of statements made following Zhao's pardon by President Trump. Zhao pleaded guilty in 2023 to failing to maintain an effective anti-money laundering program, and Binance was fined $50 million while the company paid a $4.3 billion settlement. Shortly after the pardon, Warren criticized the move on X, stating Zhao pleaded guilty to criminal money laundering, and circulated a resolution urging Congress to block the pardon as "blatant corruption." Warren also insinuated that a $2 billion deal involving Binance and a Trump-backed DeFi project, World Liberty Financial, enriched President Trump and his family. Zhao's lawyer countered that the insinuation regarding enrichment from the deal, which involved a stablecoin, was "factually and economically unsound," adding that if holding the stablecoin constituted unlawful enrichment, every exchange listing it would be guilty of the same offense.
(Source：The Block)