Donald Trump has granted a presidential pardon to Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, igniting controversy over potential conflicts of interest. Zhao had served nearly four months in prison after admitting that Binance failed to implement proper anti–money laundering controls, a lapse prosecutors said enabled criminals and sanctioned entities to move illicit funds through digital currencies. Critics quickly questioned the decision, noting Trump’s extensive business ties to cryptocurrency ventures, including his family’s firm, World Liberty Financial, which launched the USD1 stablecoin. Earlier this year, a Middle…
Read MoreTrump pardons Binance founder, stirring crypto ethics debate
