Binance Under Scrutiny as CZ Seeks Pardon, Potential Trump Stablecoin Listing Emerges

Changpeng Zhao (CZ), Binance’s founder, refutes accusations that he provided evidence against Tron founder Justin Sun during his plea deal with the U.S. Department of Justice. The Wall Street Journal reported on potential lobbying efforts by Binance executives to relax Treasury oversight and may list a new Trump-linked stablecoin, USD1, amidst a growing controversy surrounding CZ’s past conviction. 30-day prison sentence for violating the Bank Secrecy Act (BSA) has been widely seen as lenient.