Political Fallout Over Trump’s CZ Pardon
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The dispute adds fresh controversy to Donald Trump’s pardon of Changpeng Zhao, which has already drawn criticism over potential conflicts of interest.
Warren accused Zhao of financing Trump’s stablecoin project and lobbying for clemency.
Reports from The Wall Street Journal and Bloomberg claim Binance helped develop World Liberty’s USD1 stablecoin, later used in a $2 billion deal with Emirati firm MGX.
Zhao’s legal team has denied any wrongdoing, framing the senator’s comments as politically motivated.