Trump says he knows 'nothing' about the crypto billionaire he pardoned

NBC News

14 hours ago

YoyoFeed Ai Summary

Donald Trump stated he has no knowledge of Changpeng Zhao, the billionaire crypto exchange founder he pardoned, despite Zhao's business connections to the Trump family's crypto ventures. Trump made these remarks on "60 Minutes," claiming his sons are involved in the crypto industry and he believes it's a "great industry." He suggested Zhao was a victim of a "weaponization" of the Justice Department but offered no specifics. Zhao, also known as "CZ," pleaded guilty in 2023 to enabling money laundering at his exchange, Binance, as part of a deal that included $4 billion in fines for Binance and a $50 million fine for Zhao, who also issued an apology. Binance has a business relationship with World Liberty Financial, co-founded by Donald Trump Jr. and Eric Trump, which manages crypto projects linked to the Trump family. Zhao still holds a significant stake in Binance. When questioned about a potential conflict of interest due to the direct business ties between Zhao and his family, Trump reiterated his lack of kn... download the app to read more

owledge, stating he was "too busy." The pardon faced immediate criticism, including from some Republicans who called it a "scandal." A Biden spokesperson indirectly commented on Trump's statement by referencing the Republican line of questioning about who was running the White House during Biden's term. House Speaker Mike Johnson, who had previously criticized Biden's executive actions, dismissed questions about Trump's pardon admission.

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