Overview
- Seven Democratic senators led by Elizabeth Warren sent an open letter to Attorney General Pam Bondi and Treasury Secretary Scott Bessent questioning President Trump’s October 23 pardon and requesting formal responses by November 4.
- Binance.US opened deposits and trading for USD1 and WLFI, tokens tied to the Trump family’s World Liberty Financial, and said the listings were routine decisions approved earlier with no political motive.
- Recent reporting, including accounts summarized from the Wall Street Journal and Bloomberg, describes Binance engineering support for USD1 and a $2 billion MGX investment funded in USD1, claims that Binance and World Liberty dispute.
- CZ’s lawyer demanded that Senator Warren retract a post saying he pleaded guilty to money laundering, and signaled a defamation suit, noting his 2023 plea was to failing to maintain an effective anti-money-laundering program.
- The White House and company representatives defended the pardon and denied impropriety, as observers note a pardon restores Zhao’s personal civil and business rights but does not alter Binance’s settlement obligations.