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Trump pardon of billionaire sparks concerns

2025-11-17 News & Politics
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60 Minutes
60 Minutes
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Trump Pardon of Binance Founder Linked to Family Crypto Interests

Understand how the President's use of the pardon power correlates with financial benefits conferred upon associated family ventures and expert views on resulting conflicts of interest.

Short Summary

  • Xiao, Binance founder, received an unconditional pardon despite previous involvement in money laundering resulting in a $4 billion fine.
  • Xiao's company provided critical software to World Liberty Financial, a Trump family crypto firm, shortly before the pardon application.
  • Ethics experts argue the sequence demonstrates unprecedented self-dealing, potentially compromising US foreign policy inputs.

This report synthesizes expert analysis regarding President Trump's pardon of Binance founder Changping Xiao, highlighting the interwoven financial transactions with the Trump family’s cryptocurrency venture, World Liberty Financial. Review how these actions may compromise presidential ethics and influence foreign policy decisions.

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Description

President Trump pardoned the billionaire founder of the largest crypto exchange in the world, Binance. It's raised questions about conflicts of interest and the president's use of the pardon power. "60 Minutes" is the most successful television broadcast in history. Offering hard-hitting investigative reports, interviews, feature segments and profiles of people in the news, the broadcast began in 1968 and is still a hit, over 50 seasons later, regularly making Nielsen's Top 10. Subscribe to the "60 Minutes" YouTube channel: https://youtube.com/60minutes Watch full episodes: https://cbsnews.com/60-minutes/full-episodes/ Get more "60 Minutes" from "60 Minutes: Overtime": https://cbsnews.com/60-minutes/overtime/ Follow "60 Minutes" on Instagram: https://instagram.com/60minutes/ Like "60 Minutes" on Facebook: https://facebook.com/60minutes Follow "60 Minutes" on X: https://twitter.com/60Minutes Subscribe to our newsletter: https://cbsnews.com/newsletters/ Download the CBS News app: https://cbsnews.com/mobile/ Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h For video licensing inquiries, contact: [email protected]

Top Comments (10)

@willmania11b42 2025-11-17

Here we are as regular citizens and fallowing the law. No consequences for the rich

967 42 replies
@Davidagarcia911 2025-11-17

No consequences. He has never had consequences, hence, why he keeps doing what he does.

563 15 replies
@Timothythebrewer 2025-11-17

And exactly how long are we supposed to tolerate this BS? Come on America, wake up! 🇺🇸

491 28 replies
@stateofhibernation 2025-11-17

To tell a reporter they "know nothing about nothing" while simultaneously saying he "doesn't know" the man he just pardoned is wild. It's insane anyone thinks positively of this guy.

318 8 replies
@TheNickAlmShow 2025-11-17

Ms. Oyer you are a true patriot. Thank you for you courage to step out and be interviewed on 60 Minutes when so many others would not.

269 2 replies
@ihaventsleptawink63 2025-11-17

Corruption at its finest.

145 2 replies
@kiddynomite 2025-11-18

I just want to know one thing.... What are they going to do about it? NOTHING!

100 6 replies
@sunsetusa6926 2025-11-18

Power of the pardon is a stain on the constitution.

41 1 replies
@Lostontheriver 2025-11-18

We don’t have a government. We have a criminal enterprise.

36 1 replies
@Puzekatz 2025-11-17

Crime is legal, except for 99% of us.

24 1 replies

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