Trump Defends CZ Pardon, Denies Any Connection
Trump Defends His Decision to Pardon Binance Co-Founder
U.S. President Donald Trump has once again defended his decision to pardon Changpeng “CZ” Zhao, the co-founder of Binance. Trump insisted he does not personally know CZ and denied any political motivation behind the move. His remarks came during an interview with CBS’s 60 Minutes on Sunday.
Trump: “I Don’t Know Who He Is”
When asked about the pardon, Trump stated, “I don’t know who he is.” He repeated the same stance he had shared shortly after signing the pardon in late October. Trump described CZ’s case as “a Biden witch hunt,” suggesting that the prosecution was politically driven.
Background on the $2 Billion Stablecoin Deal
Earlier reports suggested that Binance was involved in facilitating a $2 billion stablecoin transaction linked to World Liberty Financial (WLFI), a crypto platform reportedly tied to Trump’s circle. When pressed about the alleged connection, Trump firmly denied any involvement, saying he “knew nothing about it” because he was “too busy with other things.”
Trump’s Family and the Crypto Industry
During the interview, Trump mentioned that his sons are involved in the crypto sector and that he is “very proud of them.” He added:
“They’re running a business; they’re not working in the government. I’m focused on my job.”
Trump praised the crypto industry as “an incredible field” that continues to expand rapidly.
Trump on CZ and the Biden Administration
Trump referred to CZ as “a victim of government overreach,” accusing the Biden administration of corruption in handling the Binance case. He warned that targeting individuals within the crypto industry could “kill the entire sector,” which would be “a terrible thing for America.”
Trump: “I Only Care About Making Crypto Great for America”
Trump emphasized his goal of “making crypto great for America.” He highlighted the growing size of the industry and stated that the U.S. is currently ahead of China in crypto innovation. He concluded:
“If you go after everyone, you’ll kill the industry. And that would be very bad.”
Conclusion
Trump’s remarks reaffirm his strong support for the crypto industry, despite mounting controversy surrounding his decision to pardon CZ. The issue continues to spark debate, reflecting the increasingly tight link between U.S. politics and the global digital asset market.
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