Trump Downplays Knowledge of Binance Chief After Pardon Linked to Family's Crypto Dealings

In a recent interview with CBS's 60 Minutes, President Donald Trump addressed the pardon of Binance founder Changpeng Zhao, stating he had no personal knowledge of Zhao and referred to him as a victim of a politically motivated prosecution by the Biden administration. Trump confirmed he was unaware of the $2 billion transaction involving his family's World Liberty Financial stablecoin and insisted his sons’ involvement in crypto was separate from government matters. He characterized Zhao as a respected entrepreneur being targeted by the government, stating his aim was to keep the U.S. competitive in the crypto sector. The pardon and its implications have led to criticisms from lawmakers who suggest it represents corruption, with calls for stricter regulations around crypto ownership and transactions by elected officials. Trump’s appearance, his first in five years on the show, spanned various topics, including government shutdown and international relations.

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