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Binance is phasing out its BUSD stablecoin reserves in favor of USD1, a stablecoin issued by the Trump-linked World Liberty Financial. This move solidifies Binance's strategic pivot towards political alignment with the current U.S. administration and its new regulatory home in Abu Dhabi.
President Trump granted full pardons to Silk Road founder Ross Ulbricht and other high-profile crypto executives, creating significant policy ambiguity. The move appeals to a pro-crypto voter base but clashes with the administration's "tough-on-crime" rhetoric and recent national security priorities.
