Reported about 24 hours ago
In a recent revelation, it was disclosed that Binance, the world's leading crypto exchange, played a crucial role in developing USD1, a stablecoin launched by the Trump family’s World Liberty Financial Inc. Binance's founder, Changpeng Zhao, who is currently seeking a presidential pardon, not only contributed to the coding of USD1 but also promoted it to millions of users. The coin facilitated a significant $2 billion transaction last spring, raising questions regarding potential conflicts of interest due to the intertwining of Trump’s business and Zhao’s legal troubles. While both parties maintain their dealings were standard, the situation raises ethical concerns as the Trump administration distances itself from previous regulatory actions against crypto companies.
Source: YAHOO