Trump Pardons Major Ally Who Helped Boost His Family’s Cryptocurrency

Donald Trump just pardoned a crypto criminal who’s making the president’s family richer, according to an exclusive Wall Street Journal report Thursday.

After months of lobbying the Trump administration, the president signed a presidential pardon Wednesday for Changpeng Zhao, the founder and former chief executive of Binance, the world’s largest cryptocurrency exchange.

“The Biden Administration’s war on crypto is over,” announced White House press secretary Karoline Leavitt. But is another war on American customers just beginning?

Zhao pleaded guilty in 2023 for failing to maintain an anti-money-laundering program at Binance, earning him a four-month prison sentence. Binance Holdings Limited agreed to pay the United States $4 billion to resolve an investigation into violations related to the Bank Secrecy Act, failure to register as a money-transmitting business, and the International Emergency Economic Powers Act.

Why would Trump pardon Zhao? Likely because he helped line the Trump family’s pockets through his support of World Liberty Financial, or WLFI, the decentralized finance platform that is majority-owned by a Trump business entity.

Binance has repeatedly boosted and incentivized the use of USD1, WLFI’s stable coin, which is a cryptocurrency that maintains a value of $1. Binance provided WLFI its first significant boon in May when the platform accepted a shady $2 billion investment from Abu Dhabi–based MGX made in Trump’s stable coin. The announcement followed an April meeting between Zachary Witkoff, son of special U.S. envoy Steve Witkoff, who is a “promoter” of WLFI, and Zhao in Abu Dhabi where they discussed USD1.

The Wall Street Journal reported in March that representatives from the president’s family met with Zhao to discuss a potential stake in Binance.US, the company’s American arm, which has been heavily restricted due to regulatory issues. The company had first reached out to the president’s allies last year, looking to strike a deal to bring the exiled firm back to the United States.

New York City’s second mayoral debate did not pan out well for disgraced ex-Governor Andrew Cuomo, least of all when one of his accusers emerged from the crowd to prompt a question.

Charlotte Bennett was the second of 13 women to accuse Cuomo of sexually harassing them during his time in office. Bennett worked as an executive assistant and health policy adviser in the Cuomo administration, but left after the governor asked several unwelcome questions about her sex life and if she “had ever been with an older man.”

Bennett sued Cuomo in 2022 but eventually dropped the case. In April, she agreed to receive a settlement claim tied to separate litigation regarding Cuomo’s alleged harassment. But Cuomo has since said that he would sue Bennett for defamation, effectively silencing her during the mayoral race.

Bennett was apparently invited to the debate hall Wednesday night by Democratic mayoral candidate Zohran Mamdani, and her presence forced one of Cuomo’s most contemptible scandals to center stage.

“You sought to access her private gynecological records,” Mamdani said, referring to actions that Cuomo’s legal team undertook as part of his defense. “She cannot speak up for herself because you lodged a defamation case against her. I, however, can speak.

“What do you say to the 13 women that you sexually harassed?” Mamdani pressed, turning to face Cuomo as the crowd roared.

Despite months of bankrolled debate prep that quickly proved worthless, the former governor’s reply was remarkably underwhelming.

“Uh—if you want to be in government, then you have to be serious and mature,” Cuomo stammered, before noting that he had never been found criminally or civilly liable for his alleged behavior.

Continuing the takedown of Cuomo into the next day, Republican mayoral candidate Curtis Sliwa followed up with his own zinger, telling reporters Thursday morning that “if you’re under 30, Cuomo’s always flirty.”

Andrew Cuomo’s campaign for mayor of New York City is not going well. In polls, he consistently trails the front-runner and Democratic nominee, New York Assemblyman Zohran Mamdani. And on Wednesday night, he was on the receiving end of blistering attacks during the final debate of the mayoral race.

How did Cuomo respond the following morning? By making an offensive and bigoted 9/11 joke about Mamdani, a Muslim.

The former New York governor was on the WABC radio show Sid and Friends in the Morning, and asked host Sid Rosenberg, “God forbid, another 9/11—can you imagine Mamdani in the seat?”

“He’d be cheering,” Rosenberg replied, to which Cuomo replied, “That’s another problem.”

It’s one thing to claim Mamdani lacks the experience to handle a major crisis like a terrorist attack. It’s quite another to insinuate that the Democratic nominee would cheer on a horrific tragedy to the city he’d be leading, with a nod toward Islamophobia in the process. And the radio show is not even the first instance of Cuomo engaging in bigotry against Mamdani.

On Wednesday, right before the debate, the Cuomo campaign quickly posted and deleted an AI-generated video showing “criminals” supporting Mamdani’s campaign, including a drunk driver, domestic abuser, and a Black man wearing a keffiyeh shoplifting.

It’s quite clear the Cuomo campaign is getting desperate in the final weeks of the mayoral race. Mamdani has managed to gather support from the city’s diverse communities, and Cuomo’s little joke may set him back further in his attempt to drum up support for his flagging campaign.

Listen to Cuomo’s interview with Rosenberg at WABC radio’s website (the “joke” is at the 21-minute mark).

House Speaker Mike Johnson doesn’t think he’s doing anything wrong by blocking the deciding signature on a bipartisan petition for a vote to release the Jeffrey Epstein files in full.

Speaking on CNBC Thursday morning, Johnson denied Democratic Representative-elect Adelita Grijalva’s claim that she was unable to start constituent work because she lacks a budget, an office in her district, or even a badge allowing her access to Capitol Hill. But the Louisiana Republican insisted that wouldn’t matter, anyway.

“She has computers and 16 employees, and there’s no excuse for it,” Johnson snapped.

Johnson also rejected the suggestion that he was somehow blocking the release of the government’s files on Epstein, because in his view, the files were already coming out.

“The Epstein files are being released,” Johnson claimed, pointing to the latest batch of documents obtained by the House Oversight Committee on Friday, which he said included Epstein’s financial ledgers, daily calendar, and flight logs.

“All the things people have been saying they wanted. It’s all coming out. Why? Because the House Oversight Committee has been working through this period,” Johnson said.

“These are all distractions. All distractions from the main point. They have shut the government down for political purposes, and we gotta get it reopened,” Johnson continued.

The latest release included testimony from Alex Acosta, former U.S. attorney for the Southern District of Florida, who approved a nonprosecution deal for Epstein in 2008, allowing him to avoid federal charges despite substantial evidence of sex trafficking and abuse of minors. Acosta, who had previously served as Donald Trump’s secretary of labor, defended his decision to lawmakers. “A billionaire going to jail sends a strong signal to the community that this is not, not right, that this cannot happen,” he said Friday.

Last month, Democrats on the House Oversight and Reform Committee released excerpts of flight logs and daily schedules showing that Epstein had vacation plans with Elon Musk, held meetings with Peter Thiel and Steve Bannon, and flew around with Prince Andrew.

Previous document dumps have been more underwhelming. Democrats on the House Oversight Committee found that 97 percent of documents included in a September release of 33,000 pages had already been made public, and one journalist at the Miami Herald noted that the dump contained multiple duplicates of old reports.

Health care in Idaho just got more expensive thanks to the government shutdown.

Idaho’s Affordable Care Act portal opened Thursday with new price tags, offering the nation its first glimpse at an Obamacare marketplace without federal tax credits.

The federal government has been shut down for more than 22 days, in large part over a debate on the merits of the credits. Still, neither national political party appears willing to shatter Congress’s stalemate on how to fund Donald Trump’s “big, beautiful” budget, which included details to slice billions from Obamacare subsidies and Medicaid.

Now, recipients in Idaho are facing noticeably higher premiums.

“On average, gross premiums, or the overall cost of the premium, has gone up about 10 percent. And the net premium, or the amount the consumer pays after the tax credit has been applied, has increased about 75 percent,” Pat Kelly, executive director of Your Health Idaho, told The Hill.

“So, those are averages across all of our enrollees, but it does give an indication of overall increase and then increase to what the consumer actually pays,” he said.

The expired subsidies were created through the American Rescue Plan Act in 2021 and allowed households making more than 400 percent of the federal poverty level to qualify for lowered premiums. (That looks like a family of four on a $128,600 salary, or a single person making $62,600, per federal guidelines.) Age and residency also factor into eligibility for the credits.

Idaho has roughly 135,000 enrollees on the marketplace, more than 6 percent of the state population. Of those, about 13,000 fall within that salary bracket and are at risk of no longer receiving the credits should Congress fail to act, according to Kelly.

Recipients in other states are similarly on the chopping block. More than a dozen states have opened up their Obamacare marketplace for a window-shopping period, including California, Georgia, Kentucky, Nevada, Maryland, and Maine. Individuals in those states could see prices rise by thousands of dollars annually. People in Wyoming, West Virginia, Connecticut, and Illinois can expect the largest differential in their monthly premiums, rising anywhere from 535 percent to nearly 700 percent, reported The Hill.

The result, according to policy experts, will be a mass exodus from Obamacare plans altogether, leaving roughly four million Americans uninsured. The spike in uninsured Americans will spur a public health problem that has historically proved to make premiums more expensive for the insured as hospitals look to recoup the lost cash.

Low-income regions of the country will be particularly hard-hit, such as Mississippi, Tennessee, and South Carolina, as recipients decide whether they can afford the rising costs.

But not everyone will see it coming. Enrollees in Idaho will be automatically reenrolled into the newly pricier plans, “potentially leaving some people unaware of the upcoming spike in their monthly costs,” reported The Hill.