President Trump sat down with 60 Minutes last night and was asked about his pardon of crypto entrepreneur Changpeng Zhao. Zhao is the Canadian founder of Binance, which was the rival to FTX back in 2022, which was helmed by Democrat donor, darling and moral altruist Sam Bankman-Fried.
Changpeng Zhao's Binance paid $4 billion, pleaded guilty to failure to register as money transmitting business, failure to maintain an anti-money laundering program (BSA), failure to prevent Americans from doing business with people in sanctioned nations (IEEPA), and got 4 months in prison. While SBF was charged, 5 of those charges were later, quietly dropped by Biden's DOJ.
"The government at the time said that CZ had caused significant harm to US national security, essentially by allowing terrorist groups like Hamas to move millions of dollars around. Why did you pardon him?" Norah O'Donnell asked.
Trump pardoned Changpeng Zhao, calling his prosecution a "Biden witch hunt." As Binance CEO, Zhao was the one who in 2022 called attention to Dem mega-donor FTX CEO Sam Bankman-Fried's crypto house of cards, leading to scandal for Dems and conviction for SBF. pic.twitter.com/mQu9L2hTux
— Libby Emmons (@libbyemmons) November 3, 2025
