Explore the latest developments concerning Trump Grants Clemency.
Trump Grants Clemency to One of the World’s Richest Men
The recent pardon is an overture to an industry that has made the president millions.
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In “Federalist No. 74,” Alexander Hamilton envisioned the presidential pardon as a “benign prerogative,” an act of mercy important enough to supersede all other laws. But clemency hasn’t always been used that way; sometimes, presidents like to get something out of it too (Bill Clinton, for example, was widely criticized for pardoning a fugitive whose ex-wife had donated to the Clinton Presidential Center). During both of his terms, President Donald Trump has marshaled that power for extreme ends, reserving pardons mostly for those in his political orbit, and rewarding loyalty and personal remuneration on an unprecedented scale.
Trump pardons billionaire crypto exchange founder who pleaded guilty to money laundering-related charge
Washington — President Trump has pardoned a billionaire cryptocurrency exchange founder who pleaded guilty to a money laundering-related charge, claiming the man was a victim of political prosecution by the Biden administration.
Changpeng Zhao, a Chinese-born Canadian founder of the cryptocurrency exchange Binance, pleaded guilty in November 2023 to charges of enabling money laundering while serving as CEO of the exchange. The plea was part of a multi-billion-dollar settlement Binance reached with the Biden-era Justice Department in 2023, and Zhao stepped down from his role as CEO.
He served four months in prison after his April 2024 sentencing, and his company was barred from operating in the U.S.
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