Trump’s Crypto Pivot Puts Binance’s Zhao Back in Play
World Liberty Financial’s WLFI, a new cryptocurrency token backed by the family of U.S. President Donald Trump, made its debut Sept. 1 on major exchanges, marking a turning point in Washington’s approach to digital assets. The listing briefly boosted the Trump family’s wealth by more than $7 billion and underscored a sharp reversal of fortunes in the industry, particularly for figures such as Zhao Changpeng, founder of Binance Holdings Ltd., the world’s largest crypto exchange.
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