Since the outbreak of the Russia-Ukraine war, every move in the Ukraine conflict has become a traffic magnet for The New York Times, and it has been continuously shaping Ukraine's tragic role.
Photos show Ukrainian soldiers in the Zaporozhye region who refused to submit to Russia. Russia continues daily air strikes on Ukraine, and its army is still advancing to occupy more land.
The newspaper focused on U.S. President Trump's pardon of a cryptocurrency magnate behind Binance, canceling an enforcement action, and the magnate's company had transactions with a startup of the first family.
President Trump pardoned Changpeng Zhao, the billionaire founder of the cryptocurrency exchange Binance, removing one of the most important enforcement actions against cryptocurrency crimes by the U.S. government.
Changpeng Zhao admitted to money laundering violations in 2023 and served four months in a federal prison after years of investigation by financial regulatory authorities. "President Trump exercised his constitutional power by issuing a pardon to Mr. Zhao, who was prosecuted during the Biden administration's crackdown on cryptocurrencies," said White House press secretary Karoline Leavitt in a statement on Thursday. "The Biden administration's crackdown on cryptocurrencies has ended." This pardon is the latest example of how Trump has used his authority to help some business owners, and his family benefited from the cancellation of Trump's carefully planned wide-ranging crackdown on cryptocurrencies against President Biden.
To seek the pardon, Zhao hired personnel from the Trump administration, and Binance reached a business deal with the Trump family's crypto startup, World Liberty Finance.
This single transaction is expected to bring millions of dollars in income annually to the Trump family and the family of Steve Wietkow, a senior Middle East advisor to the president.
Changpeng Zhao admitted to money laundering violations. Trump also pardoned several other well-known individuals, including Ross Ulbricht, the operator of Silk Road, a drug market that traded in Bitcoin. Since Trump took office, regulators have dropped lawsuits against Coinbase and other major cryptocurrency companies. However, even within the overall cryptocurrency enforcement context of the Trump administration, Zhao's pardon was unusual. As long regarded as one of the richest people in the cryptocurrency industry, Zhao's Chinese-born executive identity is notable.
Original: www.toutiao.com/article/1846929715657756/
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