The post Crypto News Today: Seven U.S. Senators Condemn Trump’s Pardon of Binance’s CZ in New Letter appeared first on Coinpedia Fintech News
Last week, U.S. President Donald Trump pardoned Binance founder Changpeng Zhao (CZ). This move was criticized by many Democratic senators, including Elizabeth Warren and Adam Schiff, who publicly called out Trump’s decision.
Now, taking this investigation further, a group of seven democratic senators have issued a letter to the U.S. Attorney General condemning the pardon of the crypto billionaire.
Congress’s Joint Move Against Trump’s Pardon
On Tuesday, a letter to US Attorney General Pam Bondi and Treasury Secretary Scott Bessent was sent. This addressed how the presidential pardon affects law enforcement, particularly the Department of Justice’s (DOJ) ability to prosecute “white collar” and crypto-related crimes, especially those involved in money laundering and sanctions violations.
The letter accuses the pardon of undermining federal law enforcement. It also signals that wealthy or well-connected business figures can evade justice by supporting the president financially.
The senators raised four main questions that Bessent and Bondi are required to answer by November 4, 2025.
The general effect of a pardon on criminal deterrence
Impact on crypto-related criminal activities
The message it sends to federal law enforcement officers
Role of Trump’s substantial business ties with CZ
The following senators have signed the letter
Chris Van Hollen
Elizabeth Warren
Bernie Sander
Mazie K. Hirono
Richard Blumenthal
Jack Reed
The letter claims that this pardon could embolden corporate wrongdoers by signaling that financial or political connections to the President can erase criminal liability
Questioning Trump’s Abuse of Pardon Power
In an X post on Wednesday, Senator Schiff accused Trump of misusing his presidential power. Instead of using it in the right place, Trump is rewarding personal allies, family members, and wealthy supporters.
Schiff stated on the Senate floor, “The President isn’t using the power of his office to ensure hungry families have access to food next month…To make sure that Americans can afford to pay for their health care.”
“He’s using the power of his office to pardon a convicted billionaire and one who just happens to be doing business with the Trump family,” he added.