Trump Rebuts Kaitlan Collins Over Binance Pardon Inquiry

During a recent question-and-answer session at the White House, President Donald Trump confronted CNN journalist Kaitlan Collins regarding his decision to pardon Changpeng Zhao, the founder of Binance. Collins prompted an explanation about the pardon, specifically asking if it was connected to Zhao’s ties to Trump’s family’s crypto business. Trump, in response, suggested Collins was uninformed about cryptocurrency and accused her of spreading fake news.

While Collins attempted to clarify her question, Trump interjected, asserting that Zhao, who pleaded guilty to enabling money laundering, had received strong support and claimed that many viewed him as innocent, stating he was „persecuted by the Biden administration.” Trump emphasized that he had not personally met Zhao but had decided to grant the pardon based on recommendations from supporters.

Binance has faced significant legal challenges, including the $4.3 billion settlement reached with the Biden Department of Justice. Trump’s comments came as part of a larger roundtable discussion focused on issues such as immigration-related crime and human trafficking, attended by several cabinet members and the FBI director.

Critics have linked the Trump family’s crypto venture, World Liberty Finance, to Binance, suggesting potential conflicts of interest that may influence the Trump family through partnerships and financial ties. This connection has raised concerns about the implications of such relationships on political dealings and investments.

In his remarks, Trump defended his decision to pardon Zhao, indicating that he took action at the behest of trusted individuals who believed in Zhao’s innocence. This incident highlights the ongoing scrutiny surrounding Trump’s pardons and the potential intersections between his business interests and political decisions.