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President Trump granted a full and unconditional pardon for Changpeng Zhao, the convicted founder of the Binance crytocurrency exchange. Zhao failed to maintain an effective anti-money laundering program and Binance paid a $4.3B penalty. According to U.S. authorities, Binance did not report suspicious transactions with organizations including al Qaeda and Hamas and with websites which sold child sexual abuse materials.
"During his second term, Trump has made sweeping use of his clemency powers and Zhao's is the latest in a series of pardons that Trump has granted to crypto executives and entrepreneurs, as well as others convicted of white-collar crimes."
"The crypto sector poured money into Trump's 2024 presidential campaign [emphasis added], during which the Republican candidate promised to end what he called a crackdown by the Biden administration on the industry."
"Since he returned to office, Trump's family has reaped millions of dollars from a variety of crypto ventures [emphasis added] - moves criticized by political rivals and ethics experts citing the potential for conflicts of interest. The White House has denied those claims and on Thursday Leavitt said it carefully examined all pardons."
This is what the Repugnant Party has become: in a word, anti-truth. Pretext, prevarication, misconstrual, mischaracterization, falsification, dissembling, lying. And don't forget self-serving. Orwell's "Ministry of Truth." And about half the country voted for this shit.
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the convicted founder of the Binance crytocurrency exchange.
Zhao failed to maintain an effective anti-money laundering program and Binance paid a $4.3B penalty.
According to U.S. authorities, Binance did not report suspicious transactions with organizations
including al Qaeda and Hamas and with websites which sold child sexual abuse materials.
"During his second term, Trump has made sweeping use of his clemency powers
and Zhao's is the latest in a series of pardons that Trump has granted to crypto executives
and entrepreneurs, as well as others convicted of white-collar crimes."
"The crypto sector poured money into Trump's 2024 presidential campaign [emphasis added],
during which the Republican candidate promised to end what he called a crackdown
by the Biden administration on the industry."
"Since he returned to office, Trump's family has reaped millions of dollars from a variety of crypto ventures [emphasis added] - moves criticized by political rivals and ethics experts citing the potential
for conflicts of interest. The White House has denied those claims and on Thursday Leavitt said it
carefully examined all pardons."
https://www.reuters.com/world/us/trump-pardons-convicted-binance-founder-zhao-white-house-says-2025-10-23/