Trump’s Pardon of His Crypto Pal Is a New Height of Corruption

After being released from prison, Zhao set about seeking a presidential pardon so that the Binance owner could once again become the chief executive of Binance. For this purpose, Zhao hired friend of Don Jr. named Chas McDowell and also Theresa Goody Guillenwhich also represents Zach Witkoff, chief executive of World Liberty Financial and son of chief Middle East negotiator Steve Witkoff.

Meanwhile, Zhao and Binance have proven beneficial to World Liberty Financial in many ways. Most importantly, this $2 billion payment from the UAE to Trump (specifically, World Liberty Financial, in which the Trump family then owned a majority stake) was used to purchase a $1 USD stablecoin, which in turn was invested in Binance.

Binance also provided World Liberty Financial with the PancakeSwap trading platform, which in August Wall Street Journal story called “The Trump Family's Recipe for Crypto Wealth.” PancakeSwap does not disclose its ownership. Magazine said, but former Binance employees told Magazine that Binance employees created PancakeSwap in-house and that it remains under the control of Binance. World Liberty Financial used PancakeSwap to increase the use of $1. According to Bloomberg, Binance have done more; he “wrote the basic code to power USD1.”