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Key line:

> "Since Trump’s election, Binance has also been a key supporter of his family’s World Liberty Financial crypto venture, a business that has driven a huge leap in the president’s personal wealth."

"Huge leap" meaning $5 billion,

https://www.cbsnews.com/news/trump-wlfi-world-liberty-financ... ("New crypto token boosts Trump family's wealth by $5 billion")



$5B, so far.


Not sure why you quote it, that's pretty huge. I'd call any double-digit percent increase on a billionaire's wealth huge.


I think the parent is quoting the phrase simply because they are defining it, and not using sarcasm quotes.


They're saying it's an understatement.


(It's a literal quote of the WSJ).


But Binance founder doesn't work for Binance anymore so why pardoning founder help Binance?


The current head of binance (and cofounder) is Yi He. Who happens to be in a relationship with CZ and is the mother of his children.


Because it sets a precedent


According to Binance, he owns 90%. Whether he is CEO or not probably doesn't prevent him from influencing Binance operations to support Trump's coin.




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