And we’re just watching it happen
Read this and then just think about how they tortured Hillary Clinton for alleged corruption because her husband ran an international charity:
President Trump has pardoned Changpeng Zhao, the convicted founder of the crypto exchange Binance, according to people familiar with the matter, following months of efforts by Zhao to boost the Trump family’s own crypto company.
The president signed the pardon on Wednesday, the people said. Trump recently indicated to advisers that he was sympathetic to arguments of political persecution related to Zhao and others, one of the people said.
White House press secretary Karoline Leavitt said that Trump had “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.” She added: “The Biden Administration’s war on crypto is over.”
Binance didn’t immediately respond to a request for comment.
A pardon will likely pave the way for Binance, the world’s largest crypto exchange, to return to the U.S. after the company pleaded guilty in 2023 to violating U.S. anti-money-laundering requirements and was barred from operating in the country.
The company has spent nearly a year pursuing a pardon for Zhao, who left prison in September 2024 after serving a four-month sentence for related charges. Earlier this year, the company hired lobbyist Ches McDowell to help pursue a pardon, the Journal previously reported.
Since Trump’s election, Binance has also been a key supporter of his family’s World Liberty Financial crypto venture, a business that has driven a huge leap in the president’s personal wealth.
[…]
The Justice Department imposed a record $4.3 billion fine and burdensome oversight on Binance, which the department said had become a colossal money-laundering hub through which sanctioned groups and criminal organizations laundered billions of dollars in illicit funds.
The pardon may also prematurely end the Justice Department’s three-year Binance monitorship, set up to ensure the company complies with U.S. financial crime laws. However, it likely won’t end a separate monitorship established by the Treasury Department without the additional approval of Trump or the Treasury secretary.
[…]
Binance first reached out to allies of Trump last year, offering to strike a business deal with the family as part of a plan to return the company to the U.S., the Journal reported earlier this year. Representatives of the Trump family have held talks to take a financial stake in the U.S. arm of Binance.
Binance has been one of the main drivers of the growth of World Liberty’s dollar-pegged cryptocurrency, called USD1. It delivered World Liberty’s first big break this spring when it accepted a $2 billion investment from an outside investor paid in USD1. Binance has also incentivized trading in USD1 across platforms it controls.
It was just an outright bribe. A massive one. And it’s just a-ok.
I dream of the day when the crypto market implodes and all these assholes get their due. Of course they’re working hard to make it too big to fail so we the taxpayers will have to bail them out. Uday and Qusay will probably end up winners in the end anyway.
I guess the scale of Trump’s corruption in this term is just so overwhelming that we aren’t even gong to talk much about it. Nobody knows what to do since there’s no oversight anywhere and certainly no law enforcement capability in the federal government to hold him accountable.
I don’t know if we even have the tools to set this right. But if we are able to remove these people from power massive reform is going to be required. I wish I was more confident that it will happen. But, first things first. Putting an end to this misbegotten reign is job one.