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Trump Pardons Binance Founder Zhao after Conviction for Money Laundering

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US President, Donald Trump, has pardoned Binance founder Changpeng Zhao, the billionaire who built the world’s largest cryptocurrency exchange and later served prison time for compliance failures linked to money laundering and illicit activity.

The decision ends a months-long push by Zhao, known widely in the crypto world as “CZ”, to clear his record. The Binance founder has long been seen as one of the most influential figures in the digital asset space and a key supporter of the Trump family’s crypto ventures.

“Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice,” Zhao wrote on social media on Thursday.

The case against Zhao

Zhao served a four-month sentence for violating the Bank Secrecy Act, becoming the first person ever jailed under the law, which requires financial institutions to verify customers’ identities and report suspicious transactions.

Prosecutors said Zhao’s violations were unprecedented, accusing Binance of facilitating more than 1.5 million illegal crypto trades worth nearly $900 million. Those transactions allegedly included dealings with sanctioned groups such as Hamas’ al-Qassam Brigades, al-Qaida, and Iran.

Judge Richard Jones, who oversaw the case, said Zhao’s refusal to comply with US banking rules allowed Binance’s explosive growth. Prosecutors cited Zhao telling employees, Better to ask for forgiveness than permission, when referring to the company’s approach to regulation.

“I failed here,” Zhao told the court during sentencing. “I deeply regret my failure, and I am sorry.”

Zhao’s rise is one of tech’s most striking rags-to-riches stories.

Born in rural China, he immigrated to Canada with his family after the 1989 Tiananmen Square crackdown. As a teen, he worked at McDonald’s before turning to tech in college.

He launched Binance in 2017, and within a few years, it had become a global powerhouse in digital finance.

White House defends pardon

White House Press Secretary Karoline Leavitt confirmed the pardon, saying the counsel’s office had thoroughly reviewed the request.

She accused the previous Biden administration of pursuing “an egregious oversentencing” and adopting a very hostile stance toward the crypto industry.

“President Trump wants to correct this overreach,” Leavitt said, drawing a clear contrast between the two administrations’ approaches to digital finance.

Trump’s move continues his pattern of using presidential clemency to aid political allies, public figures, and others convicted of controversial crimes.

Since taking office, the Trump administration has dropped several enforcement actions against crypto firms initiated under Biden and even dissolved a Justice Department unit focused on crypto-related crimes.

Trump and his sons have also embraced crypto. Their venture, World Liberty Financial, launched a dollar-backed stablecoin that gained early traction after an Abu Dhabi investment fund used $2 billion worth of the token to buy a stake in Binance.

Following news of Zhao’s pardon, the value of another Trump-linked token, World Liberty Finance’s secondary coin, surged sharply, outperforming every major cryptocurrency on Thursday, according to CoinMarketCap.

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US’ll Take Greenland by Any Possible Means, Trump Vows

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President Donald Trump vowed on Sunday that the United States would take Greenland “one way or the other,” warning that Russia and China would “take over” if Washington fails to act.

Trump says controlling the mineral-rich Danish territory is crucial for US national security given increased Russian and Chinese military activity in the Arctic.

“If we don’t take Greenland, Russia or China will, and I’m not letting that happen,” Trump told reporters aboard Air Force One, despite neither country laying claim to the vast island.

Trump said he would be open to making a deal with the Danish self-governing territory “but one way or the other, we’re going to have Greenland.”

Denmark and other European allies have voiced shock at Trump’s threats over the island, which plays a strategic role between North America and the Arctic, and where the United States has had a military base since World War II.

A Danish colony until 1953, Greenland gained home rule 26 years later and is contemplating eventually loosening its ties with Denmark.

The vast majority of its population and political parties have said they do not want to be under US control and insist Greenlanders must decide their own future — a viewpoint continuously challenged by Trump.

“Greenland should make the deal, because Greenland does not want to see Russia or China take over,” Trump warned, as he mocked its defenses.

“You know what their defense is, two dog sleds,” he said, while Russia and China have “destroyers and submarines all over the place.”

Denmark’s prime minister warned last week that any US move to take Greenland by force would destroy 80 years of transatlantic security links.

Trump waved off the comment saying: “If it affects NATO, it affects NATO. But you know, (Greenland) need us much more than we need them.”

AFP

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Alleged Christian Genocide: US Lawmakers Fault Tinubu’s Govt

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United States of America lawmakers have sharply contradicted the Nigerian government’s position on the ongoing massacres in the country, describing the violence as “escalating,” “targeted,” and overwhelmingly directed at Christians during a rare joint congressional briefing on Tuesday.

The closed-door session – convened by House Appropriations, Vice Chair Mario Díaz-Balart, as part of a Trump-ordered investigation – examined recent killings and what Congress calls Abuja’s deeply inadequate” response.

President Trump has asked lawmakers, led by Reps. Riley Moore and Tom Cole, to compile a report on persecution of Nigerian Christians and has even floated the possibility of U.S. military action against Islamist groups responsible for the attacks.

At the briefing, Vicky Hartzler, chair of the U.S. Commission on International Religious Freedom, warned that “religious freedom [is] under siege” in Nigeria, citing mass abductions of schoolchildren and assaults in which radical Muslims kill entire Christian villages [and] burn churches.” She said abuses were rampant” and “violent,” claiming Christians are targeted “at a 2.2 to 1 ratecompared with Muslims.

While acknowledging Nigeria’s recent move to reassign 100,000 police officers from VIP protection, Hartzler said the country is entering a “coordinated and deeply troubling period of escalated violence.” She urged targeted sanctions, visa bans, asset freezes and tighter conditions on U.S. aid, insisting Abuja must retake villages seized from Christian communities so displaced widows and children can return home.

The strongest rebuke came from Dr. Ebenezer Obadare of the Council on Foreign Relations, who dismissed Abuja’s narrative that the killings are not religiously motivated. He called the idea that extremists attack Muslims and Christians equally a “myth,” stressing the groups operate “for one reason and one reason only: religion.” Higher Muslim casualty figures, he argued, reflect geography, not equal targeting.

Obadare described Boko Haram as fundamentally anti-democratic and accused the Nigerian military of being “too corrupt and incompetent” to defeat jihadist networks without external pressure. He urged Washington to push Nigeria to disband armed religious militias, confront security-sector corruption and respond swiftly to early warnings.

Sean Nelson of ADF International called Nigeria “the deadliest country in the world for Christians,” claiming more Christians are killed there than in all other countries combined and at a rate “five times” higher than Muslims when adjusted for population. He said extremists also kill Muslims who reject violent ideologies, undermining Abuja’s argument that the crisis is driven mainly by crime or communal disputes.
He pressed for tighter oversight on U.S. aid, recommending that some assistance be routed through faith-based groups to avoid corruption. Without “transparency and outside pressure,” he said, “nothing changes.”

Díaz-Balart criticised the Biden administration’s reversal of Trump’s designation of Nigeria as a “country of particular concern” in 2021, saying the decision had “clearly deadly consequences.” Lawmakers from the Appropriations, Foreign Affairs and Financial Services committees signaled further oversight actions as they prepare the Trump-directed report.

Hartzler pointed to recent comments by Nigeria’s Speaker of the House acknowledging a “coordinated and deeply troubling period of escalated violence,” calling it a rare moment of candor. She also welcomed the redeployment of police officers as “a promising start after years of neglect.”

But she stressed that these gestures are far from sufficient, insisting the Nigerian government must demonstrate a real commitment to “quell injustice,” act swiftly on early warnings, and embrace transparency.

The Nigerian Embassy did not immediately respond to a request for comment, according to source.

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US Lawmakers Meet Today over Reported Christian Genocide

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The US House of Appropriation Committee will today lead a joint congressional briefing addressing allegations of Christian genocide in Nigeria.

A notice shared on X by US Congressman Riley Moore, shows that the House Appropriations Committee Vice Chair and National Security Sub-committee Chairman Mario Díaz-Balart will convene the briefing, alongside other Appropriators and members of the Foreign Affairs and Financial Services Committees.

The notice notes that representatives from the US Commission on International Religious Freedom and other experts will be part of the meeting.

“President Trump asked me and @HouseAppropsGOP to investigate the persecution of Christians in Nigeria,” he wrote.

Moore said that the briefing aimed “to spotlight the escalating violence and targeted persecution of Christians in Nigeria.”

He added that the roundtable would collect testimony for a comprehensive report directed by President Trump on the alleged massacre of Nigerian Christians and the steps Congress could take to support the White House’s efforts to protect vulnerable faith communities worldwide.

“As part of this investigation, the committee is hosting a roundtable to continue building on the work we’ve done so far. We will never turn a blind eye to our brothers and sisters in Christ who suffer for their faith,” he stated.

The briefing comes as part of US efforts to deepen security cooperation with Nigeria amid allegations of a Christian genocide in the country.

President Bola Tinubu recently cleared Nigeria’s delegation for the new US–Nigeria Joint Working Group, launched to make commitments from high-level talks in Washington, led by the National Security Adviser, Nuhu Ribadu.

The group, made up of top ministers and security officials, seeks to strengthen counterterrorism operations, improve intelligence sharing, bolster border security, and enhance coordination on humanitarian and civilian protection issues.

The initiative comes amid growing concerns over terrorism, banditry, and targeted attacks on Christians in Nigeria, drawing heightened US scrutiny and renewed warnings on safeguarding vulnerable communities.

Trump added Nigeria to countries on watchlist for Christian genocide on October 31.

He referenced alleged grave violations of religious freedom, including the persecution of Christians.

He alleged that Christianity faced an existential threat in Nigeria, with thousands of Christians reportedly killed by radical Islamist groups.

He also warned that the US could take action including the possibility of military intervention if Nigeria failed to address the issue.

Nigeria was first designated a CPC by President Donald Trump in 2020, but his successor, President Joe Biden, removed the country from the list after assuming office.

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