🔥 Binance Faces Political Scrutiny Over CZ's Pardon Request
Binance is under the spotlight as U.S. Democratic senators question former President Trump's potential involvement in a pardon request for Binance founder Changpeng Zhao (CZ). CZ, who served a four-month sentence for anti-money laundering violations, has formally applied for a presidential pardon. Concerns arise due to financial ties between Binance and Trump's family, particularly through their crypto venture, World Liberty Financial, which benefited from a $2 billion investment facilitated by a UAE state-backed investor. WSJ
Key Points:
Senators Elizabeth Warren, Dick Durbin, and Richard Blumenthal demand transparency on the pardon discussions.
The White House denies any conflicts of interest.
Watchdog groups express concerns over ethical governance in the crypto sector.WSJ
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