Trump’s : ‘I Don’t Know Who He Is’ on Billionaire CZ Amid Family Ties

In a stunning revelation during a recent 60 Minutes interview, President Trump claimed he has no personal knowledge of Changpeng Zhao, the crypto billionaire founder of Binance whom he pardoned just last month. This statement has sparked intense debate in the cryptocurrency world, raising questions about political favors, family business links, and the future of crypto regulation under Trump’s leadership.

The Pardon That Shook Crypto: Who is Changpeng Zhao?

Changpeng Zhao, widely known as CZ in crypto circles, built Binance into the world’s largest cryptocurrency exchange. Born in China and raised in Canada, CZ faced serious legal trouble in the US. Two years ago, he pleaded guilty to charges tied to money laundering violations. Prosecutors accused Binance of allowing illicit activities, including helping terrorist groups like Hamas move millions of dollars, which they said harmed US national security.

CZ served a short four-month prison sentence, and Binance was barred from US operations. But last month, Trump issued a full pardon, calling it a fix for what he described as a “Biden witch hunt.” This move thrilled many in the crypto community, who see it as a sign of friendlier policies ahead.

Trump’s <60 Minutes> Moment: ‘I Don’t Know Who He Is’

During the interview with correspondent Norah O’Donnell, Trump was pressed on the pardon. When asked about CZ, he flatly said, “I don’t know who he is.” He added that he heard CZ got a light sentence and believed it stemmed from political persecution.

O’Donnell didn’t let it slide. She highlighted a key connection: Binance helped arrange a massive $2 billion purchase of stablecoins from World Liberty Financial, a crypto project launched last year by Trump’s sons, Eric and Donald Jr. This deal skyrocketed the value and buzz around their venture.

“How do you address the appearance of pay for play?” O’Donnell asked. Trump brushed it off, saying he was “too busy” with other matters and knew nothing about it. He praised crypto as a “great industry” and noted his sons were running a private business, separate from government.

“My sons are into it. I’m glad they are… they’re running a business, they’re not in government,” Trump stated.

Both World Liberty Financial and the Trump sons have denied any role in pushing for the pardon.

Trump’s Earlier Words on the Pardon

Right after announcing the pardon, Trump doubled down. He said, “A lot of people said that he wasn’t guilty of anything… I don’t know him. I don’t believe I’ve ever met him.” He claimed CZ had strong support from “very good people” and insisted the charges weren’t real crimes, just Biden-era targeting.

This pardon fits Trump’s pattern of using his authority to challenge what he calls weaponized justice. But the timing and family ties have fueled speculation.

World Liberty Financial: The Trump Family’s Crypto Play

Founded by Eric Trump, Donald Trump Jr., and partners, World Liberty Financial aims to offer stablecoins and DeFi services. The $2 billion Binance deal was a game-changer, boosting its market profile. Stablecoins are digital dollars pegged to real assets, key for everyday crypto use like trading and payments.

Critics see the pardon as a potential boost for this family project. Supporters argue it’s just smart business in a booming sector. Crypto market cap has surged past $3 trillion this year, driven by Bitcoin ETFs and pro-crypto policies.

What Does This Mean for Crypto Regulation?

Trump’s actions signal a major shift. During his first term, he was skeptical of crypto, calling Bitcoin a “scam.” Now, he’s all in, promising to make the US the “crypto capital of the world.” Pardoning CZ could pave the way for lighter rules, more innovation, and less SEC crackdowns.

• Investor Confidence: Pardons like this reassure founders that US justice won’t crush innovation.
• Exchange Future: Binance might eye a US comeback, competing with Coinbase and others.
• Political Ripple: It highlights how crypto money influences politics, with industry donations pouring into campaigns.

However, risks remain. Terror financing allegations aren’t trivial. A pardon doesn’t erase past harms, and future admins might reverse course.

Crypto Community Reactions

The crypto Twitter sphere exploded. Many hailed Trump as a hero for crypto freedom. Others worried about conflicts of interest. CZ himself thanked supporters but stayed low-key post-release.

Binance continues global dominance, handling billions in daily trades. With CZ free, expect big moves in Web3 expansion.

Broader Implications for Blockchain and Trump 2025

This story underscores crypto’s intersection with politics. Trump’s pardon isn’t just personal—it’s a policy statement. Expect more executive actions favoring decentralized finance, NFTs, and tokens.

For investors, watch World Liberty Financial’s growth. If it thrives, it could validate family ventures in crypto. But transparency is key to avoid scandals.

In simple terms: Trump’s ‘I don’t know who he is’ line may downplay ties, but the pardon boosts crypto’s legitimacy. The industry eyes a golden era, but ethics questions linger.

Final Thoughts

The Trump crypto pardon controversy blends power, money, and innovation. As blockchain evolves, stories like CZ’s show the high stakes. Stay tuned—crypto’s political chapter is just beginning.

What do you think? Is this smart policy or shady dealing? Share in the comments.