Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁
Key Takeaways
Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁
The White House's decision to pardon Changpeng Zhao, founder of Binance
Leavitt stated that the Department of Justice (DOJ) and White House legal staff carefully examined the request before passing it along to President Donald Trump for a final decision.
During a 60 Minutes interview on CBS, President Trump said he did not know who Zhao was. He dismissed criticism of the pardon by suggesting it was being used for political attacks.
Did you know?
Subscribe - We publish new crypto explainer videos every week!
How to Avoid Major Crypto Investment Risks? (Beginner-Friendly)
Leavitt later clarified that President Trump’s comment was only meant to show that he had no personal connection to Zhao.
She also emphasized that a group of legal professionals had reviewed the case, as they do with all pardon applications.
Leavitt also said Zhao’s case reflected an issue with how the DOJ approached cryptocurrency cases under the Biden administration. She claimed Zhao was treated unfairly and that the legal actions taken against him were too aggressive.
According to her, the pardon was meant to address that. She said:
The president is correcting that wrong, and he has officially ended the Biden administration’s war on the cryptocurrency industry, and I think that’s the message he sent with this pardon.
Recently, Zhao considered filing a defamation lawsuit against US Senator Elizabeth Warren. What happened? Read the full story.
To ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines & review methodology.
Carefully selected industry experts contribute their real-life experience & expertise to BitDegree's content. Our extensive Web3 Expert Network is compiled of professionals from leading companies, research organizations and academia.