For starters, Trump and his family of grifters profited greatly from the pardon of Changpeng Zhao:
President Donald Trump recentky
pardoned Changpeng Zhao, the billionaire founder of Binance, the world's largest cryptocurrency exchange, a decision that has sparked significant controversy due to the Trump family's financial ties to the company. Critics argue the pardon, coupled with business dealings, presents a major conflict of interest and potential for self-dealing, while the White House defends it as a corrective measure against an overly aggressive previous administration.
Details of the Pardon and Family Business
- The Pardon: In October 2025, President Trump issued a full pardon to Changpeng "CZ" Zhao, who had previously pleaded guilty to a felony charge of violating U.S. anti-money laundering laws and served a four-month prison sentence. As part of a $4.3 billion settlement with the Justice Department in 2023, Binance admitted to failing to implement effective anti-money laundering programs, which allowed transactions by sanctioned entities and criminals.
- Trump Family Connection: Members of the Trump family (Donald Jr. and Eric Trump) co-founded a cryptocurrency company called World Liberty Financial (WLF). Shortly before the pardon, Binance played a key role in boosting WLF's business and visibility.
- Financial Link: An Abu Dhabi government-backed investment fund, MGX, used WLF's stablecoin (USD1) to facilitate a $2 billion investment in Binance. This transaction is seen as having significantly elevated WLF from a "largely unknown" startup to a major player, potentially generating substantial ongoing interest revenue for the Trump family venture.
- Alleged Profits: The $2 billion from the Abu Dhabi fund remains deposited in World Liberty Financial's system, which sources indicate could earn the Trumps and their partners an estimated $80 million a year in interest. A separate WLF token also saw a price spike shortly after news of the pardon broke.