Latest news with #ZekeFaux
Bloomberg
4 days ago
- Business
- Bloomberg
Trump's Crypto Link with Binance Raises Conflict of Interest Questions
Binance has been a coder, a promoter and an early adopter for World Liberty Financial's stablecoin, people familiar with the matter say. Later, Binance's founder and principal owner, Changpeng Zhao, said publicly that he had applied for a pardon. CZ, as he's known, pleaded guilty in 2023 to failing to maintain an effective anti-money-laundering program. Critics say the relationship poses a conflict of interest for President Trump. Trump, who once called Bitcoin a 'scam,' had a change of heart last year, saying he hoped to make the US the 'crypto capital of the world.' Now, crypto ventures have added at least $620 million to his fortune in a span of months, according to the Bloomberg Billionaires Index. For more, Bloomberg News Investigations Reporter, Zeke Faux, joined Businessweek Daily. (Source: Bloomberg)
Bloomberg
23-05-2025
- Business
- Bloomberg
Filet Mignon, Trump-Branded Watches and Protests at Memecoin Dinner
Last night 220 of the top holders of the $Trump memecoin were invited to attend a special event with the president. Bloomberg's Zeke Faux, who's written about cryptocurrencies' rise and fall, was there for the arrivals. Plus: The latest edition of the Everybody's Business podcast, and 10 books that should be on your summer reading list. If this email was forwarded to you, click here to sign up. Programming note: The Businessweek Daily will be off for Memorial Day. See you Tuesday.
