Alright, so Trump pardoned this crypto dude, Changpeng Zhao (or "CZ," whatever). Claims he doesn't know who he is. "No idea who he is," he says. Give me a break. Either the guy's memory is completely shot, or he thinks we're all idiots. Or, and this is the really scary option, both. According to Trump, 'I don't know who he is,' says Trump after pardoning crypto tycoon.
The "Witch Hunt" Defense
Trump's excuse? It was a "witch hunt" by Biden's administration. That's his go-to for everything, isn't it? Anything he doesn't like is a "witch hunt." It's lazy, it's predictable, and frankly, it's insulting to anyone with an IQ above room temperature.
Karoline Leavitt, the White House Press Secretary, doubled down, calling it an "overly prosecuted case." Okay, so enabling money laundering is just a minor offense now? What happened to "law and order"? Seems like it only applies when it suits their narrative.
But wait, there's more. Turns out CZ's companies have partnered with firms linked to Trump. His sons are even on the board of advisers for one of these companies, Dominari Holdings, which is conveniently based in Trump Tower. Coincidence? I think not.
Follow the Money...Or Try To
The whole thing stinks of corruption, offcourse. But it's the kind of corruption that's so blatant, so in-your-face, that it almost feels like a joke. Like they're not even trying to hide it anymore.
And what about this stablecoin launched by World Liberty Financial, which is being used for a $2 billion investment in Binance? It's all connected, folks. A tangled web of crypto, Trump, and shady deals.
Then again, maybe I'm just being cynical. Maybe Trump really doesn't know who CZ is. Maybe he just signs off on pardons based on whatever Fox News tells him to believe. Yeah, right. And maybe pigs will fly.
What's even more disturbing is that this isn't an isolated incident. Trump previously halted a fraud case against another crypto entrepreneur, Justin Sun, after his investments in the Trump family's crypto firm. And he pardoned the founders of BitMEX, who faced money laundering charges, and Ross Ulbricht, the Silk Road guy. A pattern is emerging.
Crypto: The New Wild West
Trump also said the US needs to be a leader in crypto or risk China gaining an advantage. So, is that the justification now? Anything goes as long as it "keeps China from winning?" Seems like a pretty convenient excuse for turning a blind eye to financial crimes.
It's like the Wild West all over again, but instead of cowboys and bandits, we've got crypto bros and politicians. And the only law that matters is "get yours while you can."
The SEC has a final deadline of November 12, 2025, to approve or deny Grayscale’s spot HBAR ETF. SEC sets final deadline for Grayscale’s spot HBAR ETF. There are at least six U.S. ETF filings linked to HBAR, including those from REX-Osprey and KraneShares. Is this the future? A future where crypto is so intertwined with the establishment that it's impossible to tell the difference between legitimate business and outright scams?
I don't know about you, but I'm not feeling too optimistic about it.
