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The decision to pardon Changpeng Zhaofounder of Binance
$24.22 billion
, followed a standard review processaccording to the White House.
Caroline LeavittWhite House press secretary, said that the The Department of Justice (DOJ) and White House legal staff have thoroughly reviewed the request before going to President Donald Trump for a final decision.
During a 60 Minutes interview on CBSPresident Trump said he did not know who Zhao was. He rejected critics of the pardon suggesting it was being used for political attacks.
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Leavitt later explained that President Trump’s comment was only meant to show that he had no personal connection to Zhao.
She also emphasized that a A group of legal professionals had reviewed the caseas they do with all pardon applications.
Leavitt also mentioned Zhao’s case reflects a problem with how the DOJ has approached cryptocurrency cases under the Biden administration. She claims that Zhao was treated unfairly and that the legal actions taken against him were too aggressive.
According to her, the pardon was meant to address this. She said:
The president is righting that wrong, and he has officially ended the Biden administration’s war on the cryptocurrency industry, and I think that’s the message he sent with this pardon.
Recently, Zhao considered filing a defamation lawsuit against US Senator Elizabeth Warren. What happened? Read the full story.
