Allegations of political paybacks have emerged, particularly in light of Binance.US’s recent listing of USD1, a stablecoin linked to Trump’s family and part of the DeFi platform World Liberty Financial (WLFI).
They clarified that both USD1 and WLFI are already listed on over 20 major exchanges, including US platforms like Coinbase (COIN), Robinhood (HOOD), and Kraken.
Amid these developments, reports have surfaced suggesting that Binance may have had political ties with Trump, allegedly assisting the Trump family’s cryptocurrency venture in generating significant profits shortly before the pardon was granted.
World Liberty has denied any discussions regarding a pardon, with its lawyer, Tom Clare, stating that the company “has never assisted in, facilitated, or influenced a decision on Mr. Zhao’s presidential pardon.”
The company did express support for Zhao’s pardon, with spokeswoman Gail Gitcho mentioning, “Everyone who has been a victim of Joe Biden’s lawfare has rightfully been pardoned.”
Last week, Trump remarked that the pardon was granted “at the request of a lot of very good people,” although the optics of the decision raised concerns among some within his administration.
White House press secretary Karoline Leavitt also addressed the situation, stating that neither Trump nor his family has ever engaged in, or will ever engage in, conflicts of interest.
Featured image from DALL-E, chart from TradingView.com
