Headline: New York Times, 2/72026
David Yaffe Balleny reports:
The relationship between World Liberty and Binance has faced heavy scrutiny from ethics experts and some members of Congress, who view it as a considerable conflict of interest, because President Trump is now both a crypto mogul and the industry’s chief policy maker. The White House has voiced support for legislation, pending in Congress, that would make it easier for crypto exchanges to operate in the United States.
In October, Mr. Trump granted the pardon to Mr. Zhao, who spent four months in prison after he and the company pleaded guilty to money-laundering violations in 2023. Despite the felony record, Mr. Zhao was allowed to remain Binance’s majority shareholder, and his clemency could pave the way for the company to break into the U.S. market, where it currently is not allowed to operate. [emphasis added]
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