Binance CEO denies firm boosted Trump crypto venture before CZ pardon

cnbc.com

Binance CEO Richard Teng denies the exchange boosted a Trump-backed stablecoin ahead of former CEO Changpeng Zhao's pardon. The claims involve a $2 billion investment settled using USD1, a stablecoin from a Trump venture, with critics suggesting this influenced Zhao's pardon. Teng stated Binance did not decide on the stablecoin's use for the transaction. The controversy surrounds accusations of corruption and potential conflicts of interest, with Senator Elizabeth Warren being a prominent critic. Zhao pleaded guilty to money laundering charges in 2023.


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Binance CEO denies firm boosted Trump crypto venture before CZ pardon | News Minimalist