President Trump has pardoned Binance founder Changpeng Zhao, who had pleaded guilty to money laundering while leading the cryptocurrency exchange. The pardon follows allegations of political motivations tied to Trump's own crypto ventures and has drawn criticism from figures like Senator Elizabeth Warren, who accused Trump of corruption in the decision-making process. Zhao expressed gratitude for the pardon, emphasizing a commitment to advancing the cryptocurrency industry in the U.S.
The Trump administration is facing backlash for allegedly attempting to influence the sale of Warner Bros. Discovery, favoring Paramount Skydance as the buyer. Critics claim this move exemplifies corruption, as rival bidders could be disadvantaged by regulatory hurdles, raising concerns about the integrity of merger processes and government favoritism in corporate dealings.