Trump is ‘compromised’

Transcript

00:00Trump is compromised. A new 60 Minutes probe asked whether President Donald Trump's 2025

00:07pardon of Binance founder Chung Peng Zhao was influenced by business ties. Our reporting shows

00:13that Zhao's company supported a Trump family firm at critical moments leading up to the president's

00:18pardon. The report said Zhao had donated software to World Liberty Financial, a crypto enterprise

00:24linked to Eric Trump and Donald Trump Jr. The next month, Chung Peng Zhao applied for a

00:28presidential pardon, Pelley said. Pelley interviewed Elizabeth Oyer, who served as pardon attorney during

00:34the Biden administration. The influence that money played in securing this pardon is unprecedented.

00:40The self-dealing aspect of the pardon in terms of the benefit that it conferred on President Trump

00:44and his family and people in his inner circle is also unprecedented, she said. The segment highlighted

00:50a $2 billion investment by a United Arab Emirates fund into Binance, completed using the Trump-linked

00:56World Liberty cryptocurrency. One unnamed source told 60 Minutes the decision was nuts.

01:02Reuters reported that the Trump sons raked in more than $800 million from sales of crypto assets

01:08in the first half of 2025. The only reason it makes sense is to ingratiate with the president,

01:13Lessig said of the UAE investment. When asked whether that meant the president was compromised,

01:19he replied, compromised is exactly the description. Are the reasons helping America or are the reasons

01:24helping America and also helping them privately? The UAE fund told 60 Minutes the deal was

01:30based solely on business suitability. Notably, the report aired amid renewed tension between Trump and

01:35major news outlets.