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Founder and former CEO of Binance, Changpeng Zhao, has for the past week been locked in a war of words and threats with Massachusetts Senator Elizabeth Warren. The back and forth has the senator referring to the cryptocurrency entrepreneur as a “money launderer” and suggesting, “If Congress does not stop this kind of corruption (the pardoning of financial criminals), it owns it.” Meanwhile, a lawyer for Zhao told the New York Post, “Mr. Zhao respectfully immediately requests the retraction of these false statements, both within the resolution and on X,” adding, “Mr. Zhao reserves his right to pursue all legal remedies available to address these false statements.” CZ pleaded guilty to a criminal money laundering charge and was sentenced to prison. But then he financed President Trump’s stablecoin and lobbied for a pardon. Today, he got it. If Congress does not stop this kind of corruption, it owns it. pic.twitter.com/NsWeaJcVeK — Elizabeth Warren (@S...

Also Read: Top Crypto Tokens To Unlock In June advertisement Crypto And Fentanyl Connection Senator Elizabeth Warren mentioned data collected by a research firm Elliptic in order to assert her claims. The report stated that Chinese businesses are fueling the Fentanyl Epidemic and receiving millions of money in the form of crypto payments. As per Elliptic research, more than 90 China based enterprises offered to supply fentanyl precursors. It added that 90% of these businesses accept crypto in payments and claim that they shipped the fentanyl to Mexico as well. The reported claims that the majority of these businesses were ready to deliver fentanyl when the same chemical is being banned in China since 2019. Elliptic assets that blockchain Analysis depicts these Chinese businesses have received thousands of payments in their crypto wallets. Read More Crypto News Here… Recommended Articles ...