US President Donald Trump has addressed the controversial pardon recently granted to Binance’s co-founder and former CEO, Changpeng Zhao, denying any links to the crypto tycoon and allegations of potential corruption.

US President Addresses Binance’s Founder Pardon

In a recent CBS News 60 Minutes interview , President Trump defended his decision to pardon Binance’s co-founder Changpeng ‘CZ’ Zhao, which faced major backlash from multiple members of the US Congress.

On October 23, the White House revealed Trump had pardoned Zhao, two years after pleading guilty, affirming that the US President “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.”

CBS News correspondent Norah O’Donnell

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