Meanwhile, the company’s founder and largest shareholder, Changpeng Zhao, who served four months in prison on related charges, is also seeking a pardon from President Trump, The Wall Street Journal reports. Binance reached out to Trump allies in 2024, hoping to strike a business deal with the family to restore the company’s presence in the U.S.
The move would raise questions of a conflict of interest, especially if a pardon comes with it. Trump’s businesses have been involved in dealings that seem to conflict with his duties as president, especially the Trump Organization’s deal with Saudi Arabia for a new Trump Tower.
Trump’s decision to create a cryptocurrency “strategic reserve” seems to be aimed at making his wealthy associates richer, and the launch of “meme coins” by himself and his wife Melania are a blatant grift designed to line the couple’s pockets. If a deal with Binance goes through, the president and his family will once again prove that all they care about is money.
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