According to the political website Politico on the 26th (local time), following the announcement by US President Trump, Binance Coin will be issued by approximately 5
Zhao, who completed a four-month prison sentence for violating US anti-money laundering (AML) laws last year, was reportedly granted a pardon after months of expensive lobbying by Binance and its legal team.
At the end of September last year, Binance acquired the shares of a North Carolina-based lobbying firm through Ches McDowell, a close aide to President Trump's eldest son, Donald Trump Jr.
He hired the firm Checkmate Government Relations to lobby the White House and the Treasury Department for "administrative relief."
According to Politico, Checkmate is one of Washington's fastest-growing lobbying firms, with a one-month contract worth $450,000.
He reportedly earned a total of $7.1 million in the last three months. In addition, in February of this year, shortly after President Trump took office, Binance and Mr. Zhao were nominated as candidates for SEC chairman under the Trump administration.
The firm hired the aforementioned cryptocurrency lawyer Teresa Goody Gillen, whose firm reportedly received $290,000 from Binance and Zhao this year alone.
Politico pointed out that this lobbying activity is an attempt by Binance to resume lobbying, which was temporarily suspended after the guilty plea in 2023. Binance had already been indicted in 2022.
It has spent more than $1 million on lobbying, and has spent an additional $860,000 since the Trump administration took office. It also partners with the Trump-affiliated World Liberty Financial.
It is reported that the country is expanding its influence through partnerships.
2025/10/27 12:39 KST
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