Trump’s Zhao Pardon Fuels Crypto Ethics Debate

U.S. President Donald Trump’s recent pardon of Binance founder and former CEO, Changpeng Zhao, has ignited controversy within both political and financial circles. Trump stated he was unaware of Zhao’s connection to cryptocurrency, dismissing accusations by claiming his pardon stemmed from the influence of ‘good people.’ This statement prompted a heated debate about potential conflicts of interest arising from the President’s decision. neling through the complex financial system. Independent analyst FatMan raised concerns, pointing out that Binance holds a $2 billion reserve in a stablecoin called WLF instead of U.S. bonds, generating a substantial annual income of approximately $80–87 million. He further claimed that Trump family owns around 60% of WLF’s profits, translating to an annual income of $48–52 million from Binance alone. This revelation has sparked debate about the extent of political influence in shaping financial markets and raising questions regarding potential conflicts of interest between President Trump’s pardon and his own financial interests.