US President Donald Trump made some controversial comments on his own recent decision to pardon Binance\u2019s founder, Changpeng Zhao.<\/p>\n
In a recent 60 Minutes interview, he claimed that he didn\u2019t know who CZ was, but he pardoned him because he \u201cheard\u201d his case was a \u201cBiden witch hunt.\u201d<\/p>\n
When pressed by host Norah O\u2019Donnell on why he freed a man whom he didn\u2019t know, the POTUS said:<\/p>\n
\u201cWell, here\u2019s the thing. I know nothing about it because I\u2019m too busy doing other\u2026 My sons are into it. I\u2019m glad they are, because it\u2019s probably a great industry, crypto. I think it\u2019s good. You know, they are running a business, they are not in government.\u201d<\/p>\n
According to a full CBS transcript of the interview, Trump avoided<\/a> a question about potential corruption on the matter, given his family\u2019s broader involvement with the cryptocurrency industry, and added, \u201cI\u2019m not concerned. I\u2019d rather not have you ask the question.\u201d<\/p>\n The President\u2019s claims are controversial, to say the least, given the recent history between Binance and the crypto businesses run by his family. Recall that the exchange facilitated<\/a> a $2 billion purchase of World Liberty Financial\u2019s stablecoin a few months back.<\/p>\n Trump\u2019s initial decision to pardon CZ led to an immediate backlash from Democrat Sen. Elizabeth Warren, who condemned<\/a> the move. Binance\u2019s founder fought back, accusing her of misrepresenting the nature of the charges against him.<\/p>\n CZ warned Warren to retract her statements or face legal consequences. On Sunday, the Senator\u2019s lawyers rejected<\/a> the defamation threat, stating that her post was factually correct.<\/p>\n \u201cSenator Warren\u2019s post is true in all respects and therefore cannot be defamatory. Senator Warren accurately represented publicly available and widely reported facts. The \u201ccharge\u201d referenced in Senator Warren\u2019s X post refers to the \u201ccharge\u201d to which Mr. Zhao pled guilty and as to which President Trump had just pardoned him,\u201d reads the statement.<\/p>\n The post After Pardoning CZ, Trump Insists He Doesn\u2019t Know the Man<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" US President Donald Trump made some controversial comments on his own recent decision to pardon Binance\u2019s founder, Changpeng Zhao. In a recent 60 Minutes interview, he claimed that he didn\u2019t know who CZ was, but he pardoned him because he \u201cheard\u201d his case was a \u201cBiden witch hunt.\u201d When pressed by host Norah O\u2019Donnell on […]<\/p>\n","protected":false},"author":0,"featured_media":109854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-109853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109853"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=109853"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/109854"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=109853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=109853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=109853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}