Binance CEO denies boosting Trump crypto venture ahead of pardon
Crypto Briefing
Binance CEO Richard Teng denied claims the exchange supported a Trump crypto venture for founder CZ's pardon.Summary
Binance CEO Richard Teng refuted allegations that the cryptocurrency exchange promoted a venture backed by Donald Trump in exchange for the presidential pardon of Binance founder Changpeng Zhao (CZ). CZ had previously pleaded guilty to money laundering charges, and Trump granted the pardon, characterizing it as a move to combat perceived political persecution within the crypto industry. The controversy stems from reports of Binance's business dealings with the Trump family's crypto company, World Liberty Financial, leading critics to suggest the pardon was linked to this support.
(Source：Crypto Briefing)