Trump said he didn't know CZ and defended his apology.

Trump Claims He Does Not Know Binance Founder

Former President Donald Trump stated in an interview with CBS News that he does not know Changpeng 'CZ' Zhao, the founder of Binance. Despite these remarks, Trump also mentioned that he granted Zhao a pardon.

Highlighted Competition in Cryptocurrency

Trump argued that the pardon was necessary for the United States to remain competitive in the cryptocurrency market. He disregarded allegations of conflicts of interest.

Critics Must Be Extremely Cautious

However, critics like Elizabeth Warren claimed that this pardon process revealed a "pay for play" scandal in terms of Trump's financial ties to certain ventures.