Angus Berwick

He, even in his lowest moments, I think he was searching for ways to climb back.

The company viewed the pardon as the kind of key to solving the company's legal problems because, you know, Binance was still majority owned by CZ.

Having this felon was really complicating their life all across the world.

And a pardon, I mean, it wouldn't fix all of their problems, but in terms of reentering the U.S.

markets, which they'd been banned from, the pardon would be kind of a huge step in that direction.

You know, again, like just over a year before he'd been in this jail cell, you know, he was persona non grata in the industry.

And to have completed this incredible about turn within the first year of Trump's presidency to get a pardon so swiftly was surprising.

I mean, it's pretty hazy.

They didn't launch with a product.

They didn't really launch with a kind of established roadmap to launch any product.

It was kind of, you know, we're the Trump family.

We're getting into crypto.

You know, trust us that we're going to make this a success.

A stablecoin is effectively, it's like a digital dollar.

It's like a dollar that instead of sending it from bank account to bank account, you're sending it across the blockchain.

We know from our reporting that Binance, they set up an internal task force, which consisted of a number of kind of high-level executives.

And this task force, its aim was to look for ways to fix Binance's legal issues in the U.S.

We know through our reporting that Binance deploys engineers to build the blockchain technology that underpins the USD1 stablecoin, which would become World Liberty's first product.

The important thing in the crypto world that people look at to assess whether a project is kind of legitimate, they look at the market capitalization

So suddenly it went from this minnow, which nobody was really paying any attention to, to one of the largest stablecoins by market cap on the market.