Trump's Pardon of Crypto King Sparks Controversy
Donald Trump pardoned Binance founder Changpeng Zhao, claiming he was "persecuted" by Biden's Justice Department.
Trump said Zhao was part of a "war on cryptocurrency" by the White House.
However, observers argue this claim is incorrect, as Zhao pleaded guilty under a negotiated deal with the Justice Department, resulting in $4 billion in fines and a 4-month prison sentence.
Author's summary: Trump pardons crypto king amidst controversy.
- Changpeng Zhao pleaded guilty under a negotiated deal.
- Binance paid $4 billion in fines and served 4 months in prison.
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