U.S. Democratic senators demand Trump explain potential pardon for exchange founder CZ

Jinse Finance reported that seven U.S. Democratic senators sent an open letter to Attorney General Pam Bondi and the Department of Justice, requesting an explanation for President Trump's decision to pardon a certain exchange founder, CZ. The senators accused this pardon of sending a signal to the cryptocurrency industry that "crimes can be committed with impunity," and questioned whether there are financial ties between Trump and the exchange. The letter mentioned that the Trump family's decentralized finance platform, World Liberty Financial, has business dealings with the exchange, and there are reports that the exchange has paid large sums to Trump-related lobbyists. CZ had previously admitted to violating the U.S. Bank Secrecy Act, and the senators are concerned that this pardon will weaken the federal law enforcement's ability to combat cryptocurrency-related crimes. (Cointelegraph)