Binance Ties and Political Scrutiny Intensify Around WLFI
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The incident comes amid continued scrutiny of potential links between World Liberty and Binance. According to reports, Binance holds a significant majority of USD1 in circulation, and the stablecoin was used to settle a $2 billion investment by UAE-based MGX into Binance in March 2025.
Former Binance CEO Changpeng Zhao, who was pardoned by President Trump in October 2025 after serving prison time tied to a 2023 settlement with US authorities, appeared at a recent World Liberty crypto forum held at Trump’s Mar-a-Lago resort.
Some US lawmakers have questioned whether the ties between WLFI and Binance present conflicts of interest, particularly given the Trump family’s involvement and Zhao’s presidential pardon. Zhao has publicly denied having any business relationship with the Trump family and said he does not intend to return to a leadership role at Binance.
As USD1 grows in circulation, regulatory and political attention around its backing, governance and affiliations appears likely to intensify.
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Trump is a craZy man.