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Senator Chris Murphy of Connecticut has questioned the decision by Binance.US
$17.72 million
to support USD1a digital currency linked to a company associated with the Trump family.
Murphy shared on X that Binance.US announced the the launch of the USD1 trade after Trump granted Zhao a pardon.
He said the exchange promoted a cryptocurrency linked to President Donald Trump a week after Changpeng Zhao, the founder of Binance.
$13.34 billion
received a presidential pardon.
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Binance.US published a statement about X explaining what it is The listing process involves legal checks and review processes.
The company clarified that assets such as USD1 and WLFI, linked to World Liberty Financial, were already approved and are also available on other major platforms.
Binance.US stated:
This was a business decision <...> It is unfortunate that even routine business decisions are now unfairly politicized by our elected officials.
Binance.US he also stressed that operates regardless of Binance. Although the two entities share a name, they are legally separate and managed differently.
The pardon, given on October 23, heated debate among lawmakers and in the crypto community. Senator Elizabeth Warren alleged that Zhao provided funding for a stablecoin linked to President Trump, which she described as “corruption.”
Zhao recently considered suing Warren for defamation over her claim. What did Zhao’s lawyer, Teresa Goody Guillén, say? Read the full story.
