It was really something. One highlight:
That’s bad enough. But it was even worse. They cleaned it up.
NORAH O’DONNELL: This is a question about pardons. The Trump family is now perhaps more associated with cryptocurrency than real estate. You and your son– your sons, Don Jr. and Eric, have formed World Liberty Financial with the Witkoff family.
PRESIDENT DONALD TRUMP: Right.
NORAH O’DONNELL: Helping to make your family millions of dollars. It’s in that context that I do wanna ask you about crypto’s richest man, a billionaire known as C.Z. He pled guilty in 2023 to violating anti-money laundering laws.
PRESIDENT DONALD TRUMP: Right.
NORAH O’DONNELL: Looked at this, the government at the time said that C.Z. had caused “significant harm to U.S. national security”, essentially by allowing terrorist groups like Hamas to move millions of dollars around. Why did you pardon him?
PRESIDENT DONALD TRUMP: Okay, are you ready? I don’t know who he is. I know he got a four-month sentence or something like that. And I heard it was a Biden witch hunt. And what I wanna do is see crypto, ’cause if we don’t do it it’s gonna go to China, it’s gonna go to– this is no different to me than AI.
My sons are involved in crypto much more than I– me. I– I know very little about it, other than one thing. It’s a huge industry. And if we’re not gonna be the head of it, China, Japan, or someplace else is. So I am behind it 100%. This man was, in my opinion, from what I was told, this is, you know, a four-month sentence.
But this man was treated really badly by the Biden administration. And he was given a jail term. He’s highly respected. He’s a very successful guy. They sent him to jail and they really set him up. That’s my opinion. I was told about it.
I said, “Eh, it may look bad if I do it. I have to do the right thing.” I don’t know the man at all. I don’t think I ever met him. Maybe I did. Or, you know, somebody shook my hand or something. But I don’t think I ever met him. I have no idea who he is. I was told that he was a victim, just like I was and just like many other people, of a vicious, horrible group of people in the Biden administration.
NORAH O’DONNELL: The government had accused him of “significant harm to U.S. national security”–
PRESIDENT DONALD TRUMP: That’s the Biden government.
NORAH O’DONNELL: Okay. Allowing U.S. terrorist groups to, you know, essentially move millions of dollars around. He pled guilty to anti-money laundering laws. That was in 2023. Then in 2025 his crypto exchange, Binance, helped facilitate a $2 billion purchase of World Liberty Financial’s stablecoin. And then you pardoned C.Z. How do you address the appearance of pay for play?
PRESIDENT DONALD TRUMP: Well, here’s the thing, I know nothing about it because I’m too busy doing the other–
NORAH O’DONNELL: But he got a pardon–
PRESIDENT DONALD TRUMP: I can only tell you that–
NORAH O’DONNELL: He got a pardon–
PRESIDENT DONALD TRUMP: Norah, I can only tell you this. My sons are into it. I’m glad they are, because it’s probably a great industry, crypto. I think it’s good. You know, they’re running a business, they’re not in government. And they’re good– my one son is a number one bestseller now.
My wife just had a number one bestseller. I’m proud of them for doing that. I’m focused on this. I know nothing about the guy, other than I hear he was a victim of weaponization by government. When you say the government, you’re talking about the Biden government.
It’s a corrupt government. Biden was the most corrupt president and he was the worst president we’ve ever had. I only care about one thing. Will crypto be– will we be number one in crypto? Crypto has turned out, and in that sense I’ve been right.
Crypto’s turned out to be a massive industry, if you wanna call it that. And I’m very proud to say that we are far and away ahead of China and everybody else. Now, China is getting into it very big, right now. If you wanna go after people, you’re gonna kill that industry.
And it’ll be very bad. Tremendous number of jobs. I campaigned positively on crypto, very openly. I campaigned. Biden campaigned against it. When Biden found out that I was getting, like, 100% of the crypto vote, which was a lot, he switched totally and he went in favor of crypto.
They were totally in favor. They had many people under indictment. They let ’em all go. They let ’em all go. You know that. Many people were under indictment. Biden was a corrupt president. Biden went all in on crypto at the very end because he thought he could get some votes.
It didn’t work. They voted for me. I wanna make crypto great for America. That’s the only thing. I don’t wanna have somebody else have crypto and have China be number one in the world in crypto. Because in crypto it’s a kind of an industry where basically you’re going to have number one and you’re not gonna have a number two. And right now we’re number one by a long shot. I wanna keep it that way. The same way we’re number one with AI, we’re number one with crypto. And I wanna keep it that way.
NORAH O’DONNELL: So not concerned about the appearance of corruption with this?
PRESIDENT DONALD TRUMP: I can’t say, because– I can’t say– I’m not concerned. I don’t– I’d rather not have you ask the question. But I let you ask it. You just came to me and you said, “Can I ask another question?” And I said, yeah. This is the question–
NORAH O’DONNELL: And you answered–
PRESIDENT DONALD TRUMP: I don’t mind. Did I let you do it? I coulda walked away. I didn’t have to answer this question. I’m proud to answer the question. You know why? We’ve taken crypto–
NORAH O’DONNELL: But just generally speak–
PRESIDENT DONALD TRUMP: Excuse me. We’re number one in crypto in the whole world. Other people wanna be. They’re fighting like hell to be. But we’re number one in crypto because I’m the president. Biden wanted to also, at the very end, you know, he totally switched his thing.
You know, Biden was totally in favor of crypto at the end. Do you know that many people that were indicted under Biden for crypto, at the very end before the election, were let go? You know why? He wanted the vote. We are number one in crypto and that’s the only thing I care about. I don’t want China or anybody else to take it away. It’s a massive industry.
The pardon of Zhao, widely known as CZ, came two months after The Wall Street Journal reported that the Trump family’s own crypto venture, which has generated about $4.5 billion since the 2024 election, has been helped by “a partnership with an under-the-radar trading platform quietly administered by Binance.”
[…]
NBC News, citing a public disclosure filing from Monday, reported that Binance in September had retained the services of the lobbyist Charles McDowell, who is a friend of the president’s son, Donald Trump Jr. McDowell’s lobbying firm, Checkmate Government Relations, disclosed that it was paid $450,000 for the prior month’s work, which included lobbying the White House and Treasury Department for “executive relief” and “financial services policy issues relating to digital assets and cryptocurrency.”
Zhao, in November 2023, pleaded guilty in Seattle federal court and agreed to step down as Binance CEO as part of a $4.3 billion settlement by the company with the Department of Justice. Zhao had been charged with violating the Bank Secrecy Act for failing to implement an effective anti-money-laundering program and for willfully violating U.S. economic sanction in an intentional effort to profit from the American market without implementing legally required controls, the DOJ said.
Binance had been charged with conducting an unlicensed money-transmitting business, violating the International Emergency Economic Powers Act and conspiracy. He was sentenced in April 2024 to just four months in jail. Federal prosecutors had asked a judge to sentence Zhao to three years in prison.
Then-Attorney General Merrick Garland blasted Binance when Zhao pleaded guilty. “Binance became the world’s largest cryptocurrency exchange in part because of the crimes it committed – now it is paying one of the largest corporate penalties in U.S. history,” Garland said at the time.
Then-Treasury Secretary Janet Yellen, the same day, said, “Binance turned a blind eye to its legal obligations in the pursuit of profit. Its willful failures allowed money to flow to terrorists, cybercriminals, and child abusers through its platform.”
The president of the United States is in bed with a money launderer for terrorists and sex traffickers to the tune of multiple billions of dollars. And he gave him a pardon which he says he doesn’t know anything about.
And there isn’t a thing anyone is ever going to do about it.
And, by the way, it isn’t just because he is a tyrant, although he is. It’s because a vast number of our fellow Americans to whom we are required to show respect and generosity because they are so misunderstood, love this criminal maniac. If they didn’t, he wouldn’t get away with all this