Legal Team Portrays Pardon as Protective Measure Amid 'Crypto Crackdown'
- Binance founder CZ's legal team denied "pay-to-play" claims, asserting his 2025 pardon followed standard procedures and regulatory review. - Attorney Teresa Guillén rejected ties to Trump's crypto ventures, calling allegations "false" and emphasizing Zhao's case was regulatory, not criminal. - Critics like Sen. Warren accused Trump of corruption over World Liberty Financial ties, while the White House defended the pardon as routine presidential authority. - Legal scholars called the pardon "unprecedented
The legal representatives for Changpeng "CZ" Zhao have
Zhao, who established Binance, was
Opponents, including Democratic Senator Elizabeth Warren, have
Trump has attempted to distance himself from the issue, stating he does not know Zhao and labeling the legal action as a "Biden witch hunt." The White House has defended the pardon as a standard use of presidential powers, referencing legal assessments to support the decision. At the same time, constitutional experts and former Justice Department officials, such as Elizabeth Oyer, have voiced concerns, calling the pardon "unprecedented" due to its apparent financial influence and self-interest.
This controversy has renewed discussions about reforming the presidential pardon system, with some legislators advocating for congressional oversight to curb potential misuse. As Binance considers returning to the U.S. market, the situation highlights the increasing examination of crypto leaders and their political associations in a sector still facing regulatory ambiguity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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