US President Donald TrumpDiscussions continue after Binance pardoned its founder and former CEO, Changpeng Zhao. Trump gave a harsh response to the question put to him about the issue. When a journalist asked about the cryptocurrency connection, Trump said, “I don’t know that cryptocurrency person. I pardoned him at the request of very good people. You don’t know cryptocurrency, you don’t know anything, you are fake news.” The statement had wide repercussions in both political and financial circles in Washington.
Financial Network Extending to WLF and the Trump Family
independent analyst fat man, X Referring to Trump’s statement on his account, he drew attention to the potential relationship of interest behind the incident. According to FatMan’s claim, Binance keeps its $2 billion reserves in the stablecoin called WLF instead of US bonds. This position generates approximately $80–87 million in interest annually.
The analyst added that the Trump family owns approximately 60 percent of WLF’s profits, which means Binance provides the Trump family with interest income of $48–$52 million every year. In his statement, he said, “You can now openly transfer wealth to a president. This situation is funny but true.”
Ethics Debate Deepens
There are different opinions in the cryptocurrency world about Trump pardoning Zhao. Some people argue that pardoning Binance’s founder and former CEO is right in terms of justice and will reduce uncertainty in the industry. However, ethical critics point out that political influences and economic interests are mixed.
In particular, Trump’s statements on the issue may lead to the reshaping of the political balances that will determine the future of cryptocurrency regulations. FatMan, on the other hand, said that the amnesty was not against him, but that the system had now entered the “transparent bribery” period.
