Key notes
- Democratic senators introduced a resolution criticizing the presidential pardon as corruption linked to the Trump family’s business interests.
- The stablecoin investment included a $2 billion UAE-backed deal linking Binance and the Trump family’s cryptocurrency platform.
- Token values jumped more than 20% after the amnesty, raising concerns about conflicts of interest in regulating cryptocurrencies.
Binance.US will launch trading in World Liberty Financial’s USD1 and WLFI tokens on October 29, according to Binance. The exchange opened deposits for USD1/USDT and WLFI/USDT pairs on October 28.
Deposits of $1 are open now @BinanceUS!
USD1/USDT will begin trading on October 29 at 7 AM EST.
USD1 is a stablecoin pegged to the US dollar issued by @worldlibertyfi It is fully backed by regulated reserves, including US Treasury bonds.
— Binance.US
(@BinanceUS) October 28, 2025
The listing comes as Democratic lawmakers advance legislation denouncing Trump’s pardon of Changpeng Zhao, the founder of Binance. The president granted the pardon on October 23.
Representatives denounce the amnesty
Senators Elizabeth Warren and Adam Schiff announced a resolution on October 27 to condemn the pardon. Lawmakers framed the decision as corruption linked to Binance’s business relationships
BNB Bank
$1145
24-hour fluctuations:
0.7%
Market value:
$157.46 billion
Vol. 24 hours:
$2.38 billion
And the Trump family’s cryptocurrency projects.
Zhao pleaded guilty in 2023 to failing to maintain a proper anti-money laundering system at Binance. The exchange failed to block transactions with Hamas and Al Qaeda, based on court filings. Rep. Ro Khanna introduced separate legislation on October 27 to ban the president, his family members, and Congress from trading cryptocurrencies or stocks.
Financial communications under the microscope
The lawmakers noted the financial ties between Binance and World Liberty Financial in their statements. World Liberty’s USD1 stablecoin was the vehicle for a $2 billion investment in Binance by a UAE-backed company, according to Decrypt. Khanna claimed that Chow was “financing Donald Trump’s stablecoin cryptocurrency” in exchange for a pardon.
The WLFI token briefly rose more than 20.72% after the amnesty announcement. World Liberty Financial launched the token on September 1, 2025, generating up to $5 billion in paper wealth for the Trump family on its first day of trading. The coin has seen volatility, including a price drop following the burn of 47 million tokens from World Liberty Financial and WLFI treasury sales to Hut8.
The WLFI rose by more than 20.72% after the amnesty announcement Source: Trading Offer
The White House press secretary defended the pardon as an end to the Biden administration’s “politically motivated prosecution” against cryptocurrency creators. Warren-Schiff’s decision is unlikely to be approved by the Republican-controlled Senate.
World Liberty Financial is a cryptocurrency platform run by President Donald Trump’s sons, Donald Jr. and Eric.
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As a Web3 marketing strategist and former DuckDAO CMO, Zoran Spirkovski translates complex coding concepts into compelling narratives that drive growth. With a background in cryptocurrency journalism, he excels at developing go-to-market strategies for DeFi, L2, and GameFi projects.
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