This week, President Donald Trump pardoned Binance founder Changpeng Zhao, who served four months in prison due to his company’s role in facilitating money laundering for criminals and terrorists. Binance has been a supporter of the Trump family’s World Liberty Financial crypto company.
CBS’ evening news program failed to cover this story last night while its broadcast counterparts NBC, ABC, and PBS all did.
Binance has played a pivotal role in supporting the Trump family’s World Liberty Financial by helping increase the use of USD1, World Liberty’s flagship coin. According to The Wall Street Journal, “World Liberty has generated significantly more income for the Trump family in the past year than their property portfolio ever has annually.” Since his arrest, Zhao has lobbied the Trump administration for a pardon and the Trump family has held talks about taking a financial stake in Binance.
According to a Media Matters review, CBS Evening News did not cover the pardon on its Thursday evening broadcast, while its counterparts ABC, NBC, and PBS did. In covering the pardon, the other broadcast networks all noted that Zhao and Binance have business ties to the Trump family.