Senator Alleges Binance’s Role in Trump’s Crypto Pardon Scandal
- Senator Chris Murphy accused Binance of facilitating corrupt deals for a presidential pardon of its founder Changpeng Zhao.
- Binance listed Trump’s USD1 stablecoin one week after Zhao’s pardon, sparking political backlash.
- Democrats, including Maxine Waters and Elizabeth Warren, condemned the pardon as tied to Trump’s crypto ventures.
- Murphy criticized the White House as a “24/7 corruption machine” following the listing of USD1.
- USD1 is already traded on over twenty exchanges, according to Binance US.
Connecticut Senator Chris Murphy claims that Binance facilitated corrupt deals in exchange for a presidential pardon of its founder Changpeng Zhao, following the listing of Trump’s USD1 stablecoin on major exchanges. This has led to significant political criticism from Democrats who view the pardon as an extension of Trump’s alleged crypto-related corruption.
The controversy centers around accusations that Binance’s actions were part of a broader scheme involving Trump’s crypto ventures, with Democrats urging legislative action against such practices. (Source)
