A lawyer for US Senator Elizabeth Warren refutes claims of defaming Binance founder Changpeng Zhao following Trump’s pardon. Zhao pleaded guilty to AML violations at Binance, serving four months in prison. Warren criticized Trump’s pardon, linking it to Binance’s ties with his family’s crypto venture, World Liberty Financial.

Binance reportedly helped create World Liberty’s stablecoin USD1, used in a $2 billion deal for an Emirati investment firm to buy a stake in Binance. Zhao’s pardon followed lobbying efforts within Trump’s circle. Warren’s lawyer argues her statements were factual and cannot be defamatory.

Zhao’s lawyer demands a retraction from Warren over alleged defamatory statements on social media and Senate resolution. Warren’s post referenced Zhao’s AML violation, not additional money laundering charges. The dispute highlights ethical concerns surrounding Trump’s crypto pardons.

Read more at Cointelegraph

Bitcoin hits new all-time high of $60,000 as investors flock to digital assets. The cryptocurrency surged over 10% in a single day, reaching a market cap of over $1 trillion. Analysts attribute the rally to increased institutional interest and growing acceptance of digital currencies in mainstream finance.: Sen. Warren Says CZ Legal Threats ‘Without Merit’: Report