Changpeng Zhao’s pardon request was filed shortly after a reported $2 billion joint venture involving Binance, UAE-based firm MGX and World Liberty Financial (WLF), a crypto company led by Eric Trump

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The deal calls for MGX to use stablecoins issued by WLF to invest $2 billion in Binance.

Zhao’s decision to seek the pardon also roughly coincides with an announcement by the president’s son Eric Trump last week that his family’s crypto firm, World Liberty Financial (WLF), had entered a joint venture with Binance and UAE-based venture firm MGX