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Crypto exchange company Binance helped the Trump family’s own cryptocurrency venture make billions just before Donald Trump pardoned its co-founder, and the rejuvenated company now stands to reap its own windfall, a new report reveals.
Changpeng Zhao, who also goes by “CZ,” was pardoned by Trump last week after the administration said the businessman was “prosecuted by the Biden Administration in their war on cryptocurrency.”
Zhao pleaded guilty to enabling money laundering and agreed to step down as the CEO of Binance as part of a $4.3 billion settlement with the Justice Department in 2023. He served four months in prison.
Once Trump, who has touted himself as a crypto-friendly president, won the 2024 election, Zhao’s compa
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