Trump's Crypto Pardon Puzzle: What's the Real Deal?

USASat Oct 25 2025
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Donald Trump found himself in a heated exchange with CNN's Kaitlan Collins. The topic? His decision to pardon Changpeng Zhao, the bigwig behind Binance, a major player in the crypto world. Collins tried to dig deeper, asking if Zhao's pardon had anything to do with Binance's interest in teaming up with Trump's crypto business. Trump wasn't having it. He fired back, claiming he didn't know much about crypto and calling her "fake news. " So, who is this Zhao guy? He's a wealthy entrepreneur who spent four months in jail for not stopping criminals from using Binance for illegal activities. The company had to pay a huge fine, and Zhao stepped down as CEO. After his release, Zhao pushed hard for a pardon from Trump. Around the same time, there were talks about the Trump family's crypto venture investing in Binance. Zhao denied any deal-making, but the timing raised eyebrows. Trump insisted he didn't know Zhao personally but pardoned him based on recommendations. He even claimed Zhao was "persecuted" by the Biden administration. This whole situation leaves many questions unanswered.