The Crypto Connection: Trump, Zhao, and a Questionable Pardon

Changpeng Zhao, a big name in the crypto world, got a surprise break in late October. The former president, Donald Trump, pardoned him. This was after Zhao spent months asking for mercy. But why did Trump do this? Let's break it down. Zhao, who used to run Binance, one of the biggest crypto exchanges, got into trouble in 2023. He admitted to not following U. S. rules about stopping money laundering. Because of this, he had to spend four months in jail and quit his job. But here's where things get interesting.After Zhao's troubles, Binance started working with a crypto company called World Liberty Financial. Guess who's behind it? Members of the Trump family. This company is a big part of the Trump family's huge fortune, over $7 billion. Coincidence? Maybe not. So, Zhao gets in trouble, his company teams up with Trump's family business, and then Trump pardons him. It's a lot to take in. But it's important to think about what this means for the crypto world and how powerful people can influence each other.