> On March 13th, it was reported that representatives of President Trump’s family were in talks to acquire a financial stake in Binance. Soon after, on March 25th, the Trump family’s cryptocurrency company, World Liberty Financial (WLF), announced that it would launch a new stablecoin, USD1, and the former Binance CEO posted on X welcoming them to its platform.
(https://www.banking.senate.gov/newsroom/minority/forwarding-...)
... and is hosted by Binance which is the crypto platform owned by Zhao.
Zhao was found guilty of ignoring oversight regulations allowing nefarious actors (ISIS, Cartels, sex traffickers) to transact on his platform.
There's no way in high heaven that the President could be unaware of the fact that Zhao is the CEO who of the platform that hosts almost all of Trump's wealth.
Moreover, this man is convicted specifically for ignoring the lighter oversight regulations, with operations in parts of the world that are out of reach of US investigators and justice system.
This sums up this administration quite well. Too often no idea what they're doing but doing it out of spite nonetheless.