Elizabeth Warren Says ‘Convicted Felon’ Leveraged Trump Family’s Crypto Interests For Pardon: Senator Makes Scathing Comments On Binance Co-Founder
Sen. Elizabeth Warren (D-Mass.) questioned a potential quid pro quo involving the Trump family’s cryptocurrency ventures and Binance’s (CRYPTO: BNB) convicted ex-CEO Changpeng Zhao.
What Happened: In an X post, Warren cited a recent report that claimed Binance covertly helped President Donald Trump-backed cryptocurrency company World Liberty Financial develop the USD1 stablecoin.
“One of the Trump family’s crypto ventures got behind-the-scenes help from the world’s largest crypto exchange,” Warren said. “Its founder? A convicted felon now seeking a Trump pardon.”
Warren was referring to Zhao, who was sentenced for anti-money laundering violations in the U.S. Zhou paid a $50 million fine, stepped down from the company and subsequently served four months in prison.
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