Trump’s Pardon for Binance Founder Sparks Debate About Crypto Regulation

House Financial Services Committee Chair Maxine Waters criticized former President Donald Trump’s decision to pardon Changpeng Zhao, founder of Binance. She condemned the move as a symbol of corruption and self-interest, particularly in light of ongoing government shutdown negotiations. This action is seen as a clear political favor favoring cryptocurrency lawbreakers during a time when public trust is already strained.