The Wall Street Journal reports:

President Trump had just awarded a posthumous Presidential Medal of Freedom for Charlie Kirk in October when his son ushered friends toward the Oval Office.

As a string ensemble played in the background, Donald Trump Jr. walked up with lobbyist Ches McDowell to chat with the president. Trump Jr. at one point pulled McDowell forward to shake the president’s hand, according to a livestream broadcast. After they went inside, McDowell took the president aside to discuss a pressing issue, according to people familiar with the matter: One of his clients was seeking a pardon.

The client was Changpeng Zhao, founder of the world’s largest crypto exchange, Binance. That afternoon, the president agreed to sign Zhao’s pardon, the people said.

Zhao was one of the beneficiaries of a new, informal path to presidential pardons that has become a feature of Trump’s second term, which allows some clemency applicants with deep pockets or politically connected lobbyists to circumvent the traditional pardon process.

McDowell told The Wall Street Journal that Trump Jr. didn’t help him pursue the pardon and had left the room when he brought up Zhao. Trump Jr. had brought him because they were leaving later that afternoon for a hunting trip in Utah, McDowell said. A spokesman for Trump Jr. declined to comment.

The president formally signed the pardon for Zhao a week later, setting off an uproar in Washington. Democrats—pointing to steps Binance has taken that boosted the cryptocurrency company that Trump Jr. co-founded along with his father and brothers, World Liberty Financial—said the move amounted to brazen corruption. Several Republicans, including Sen. Thom Tillis of North Carolina and Trump donor Joe Lonsdale, said they were alarmed by it. Trump ally Laura Loomer called it a “terrible Pardon idea.”

For Binance, it was the culmination of a nearly yearlong effort to pursue clemency for its founder. It had paid lobbyists around $800,000 to lobby for a pardon, U.S. policy changes and other matters, according to federal records. It also approached other lobbyists about a pardon, offering success fees of as much as $5 million if they could help secure one, according to people familiar with the outreach. The company pleaded guilty in 2023 to violating anti-money-laundering rules and paid a $4.3 billion fine, and Zhao served a four-month prison sentence on a related charge. A pardon could make it easier for the company to return to the U.S. market. [Continue reading…]