Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Congresswoman Maxine Waters (D-CA) criticized President Donald Trump on Thursday after his reported pardon of Binance (CRYPTO: BNB) founder Changpeng "CZ" Zhao, calling it a "blatant display of corruption" tied to his personal financial interests in the digital asset sector. Waters Condemns Trump's Pardon Of CZ In her statement, Congresswoman Maxine Waters said Trump's pardon "shows a presidency built on ...

California resident Shengsheng He received a 51-month federal prison sentence for laundering $36.9 million from victims in an international crypto investment scam operated from Cambodia-based centers. The court ordered $26.8 million in restitution for victims of the elaborate scheme. He, 39, of La Puente, pleaded guilty to conspiracy to operate an unlicensed money transmitting business as a former co-owner of Bahamas-based Axis Digital Limited. The criminal network induced U.S. victims to transfer funds ...