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Binance founder Changpeng “CZ” Zhao’s latest pardon from US President Donald Trump did not come from a secret phone call, his lawyer insisted.
The process followed a multi-stage review involving the Justice Department and White House advisers, Theresa Jodi Guillén said.
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How the CZ Amnesty Process worked
I spoke Albudkast by Anthony Pompliano, which describes a formal request that moved through several government offices.
“You have to write the rationale, and then a variety of people have to see it,” he said.
The Justice Department’s Pardon Office, the Ad Hoc Pardon Office, and the White House Counsel’s Office, he said. Review Chow’s request.
“All of this review has to happen before it can be awarded,” he added, noting that the president gives final approval.
Judy described the basic problem as:A regulatory rather than criminal matter Includes victims.
“Binance is accused of failing to implement and maintain its anti-money laundering and compliance programs,” he said. “There is no money laundering involved. It is a matter of respect.”
According to her, CZ was pardoned “because he shouldn’t have been tried in the first place.”
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It argued that Chow’s treatment violated past practice in financial law enforcement. He is the only executive ever tried and imprisoned for wrongdoing AML programs No fraud or victims.
“Name your major financial institution,” he said, noting that banks have faced similar or worse abuses. “We don’t see any of their CEOs being prosecuted. It will never happen,” he argued.
Judy linked the issue to what she called a “broader war on cryptocurrencies.” I would have FTX. She said the organizers needed a high-profile target and “unfortunately this ended up being…Binance and CZ.”
Lawyer rejects pay-to-play allegations and $1 rumors
The podcast also discusses ongoing rumors Trading in favor of amnesty. Critics suggested business ties between Binance, a project linked to Trump, and World Liberty Financial’s stablecoin, USD1, influenced the decision.
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Judy pushed hard against those narratives.
“It’s really just an accumulation of false statements, misunderstandings and assumptions,” he said.
Judy disputes the claim that World Liberty Financial He simply considers it a “Trump company”, saying that he has only seen honorable mentions and reports of a minority stake.
I argued that critics treat this as an established fact and then build pay-to-play theories based on it.
The lawyer also rejected the idea that the execution of USD1 on BNB Chain proves a special relationship between Binance and Trump. She confirmed that USD1 exists in many chains They are held by other exchanges.
“Just because a stablecoin runs on a public chain doesn’t mean there’s a special relationship with its former CEO,” he said.
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Judy compared it to paying for goods in a foreign currency without indicating a political connection to that country.
There was also a pivotal point revolving around the claim that Pay MGX in 1 USD For a stake in Binance, the money seems to be going back to Trump. Judy said this reflects a “fundamental lack of understanding” of how stablecoins work and their business models.
She argued that if there were any illegal cryptocurrency payments to a political figure, blockchain transparency would expose them.
“If that was the case, we would have seen it reliably tracked and reported,” he said.
Apart from the pardon, Judy confirmed that Gao will not return to run Binance. She noted that the stock market is still facing government restrictions and the supervision of several American agencies.
Binance remains under a compliance regime monitored by the Treasury Department, even though it has no customers in the United States.
