CBS's '60 Minutes' is reportedly producing an investigative piece on the Trump family's involvement in cryptocurrency and a potential pardon for Binance founder CZ. Coinage founder Zack Guzmán revealed that Coinage has been a key source for CBS due to its ongoing coverage of Trump's crypto ventures. Initially, Trump's activities, such as NFT trading cards and memecoins, were seen as entertainment. However, the launch of the stablecoin USD1 by the Trump family marks a shift towards leveraging presidential influence for profit. If USD1 gains widespread use, the Trump family could earn billions from reserve interest.
In a significant development, Binance has agreed to accept $2 billion in USD1, representing about 90% of the stablecoin's market value. This deal suggests Binance is foregoing approximately $40 million in annual interest income, highlighting the potential financial impact of the Trump family's crypto initiatives.
CBS's '60 Minutes' Investigates Trump Family's Crypto Empire and Binance Deal
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