Okay, so Trump pardons a crypto guy he claims he doesn't even know? Give me a break. This whole thing stinks worse than week-old fish.
The "I Don't Know Him" Defense
First off, the "I don't know who he is" line? Seriously? The guy's name is Changpeng Zhao, aka "CZ," co-founder of Binance. He pleaded guilty to enabling money laundering. And Trump pardoned him. But suddenly, he's just some random dude?
It's like saying, "Yeah, I signed off on that nuclear launch code, but I have no idea what a nuke even is."
And then there's this gem from White House Press Secretary Karoline Leavitt, calling it a "war on cryptocurrency" by Biden. Right, because enabling money laundering is just a minor policy disagreement. It's "overreach," she says. Overreach like, I don't know, prosecuting Al Capone for tax evasion?
The sheer audacity is breathtaking. They expect us to believe this nonsense, and honestly...
The article mentions Trump saying the businessman was a victim of a "witch hunt" by Biden. A witch hunt? For pleading GUILTY?
Here's the real kicker: Zhao's companies have partnered with firms linked to Trump on digital currency projects. His sons sit on the board of advisers for Dominari Holdings, based in Trump Tower. So, "I don't know him" translates to "I'm happy to take his money and let my kids hang out with him, but publicly? Never heard of the guy."
But hey, maybe Trump really doesn't remember. Maybe he's just got so many shady deals going on that one crypto billionaire blends into the next. It's not like this is the first time. Remember Justin Sun? That fraud case got halted after investments in the Trump family's crypto firm. Coincidence? Yeah, offcourse.
Crypto's Rollercoaster and the Fed's Mixed Signals
Meanwhile, Bitcoin's doing its usual dance, slipping below $108,000. "Uptober" turned into "Red October," thanks to the Fed's mixed signals. Powell's saying a December rate cut ain't a "foregone conclusion." So, crypto's back to being glued to every little economic data point.
It's all one big, complicated mess, ain't it?
And let's not forget the other pardons. Trump also pardoned founders of BitMEX, who faced money laundering charges, and Ross Ulbricht, the guy behind Silk Road. It's like he's got a soft spot for anyone involved in… questionable financial activities.
The BBC article says the pardon lifts restrictions that stopped Zhao from running financial ventures. So, he can get right back to business, presumably. Does it change his standing with regulators? Unclear. His role at Binance? Also unclear. But hey, at least he got a get-out-of-jail-free card from the guy who claims he doesn't know him.
Wait, are we really supposed to believe that Trump has no idea who CZ is? I mean, the guy has a history of shady dealings and pardoning people with crypto connections. But maybe I'm just being cynical. Nah, who am I kidding?
So, What's the Real Story Here?
It's simple: Trump's playing the same old game. Say one thing, do another. Promise the moon, deliver a dumpster fire. And we're all just supposed to sit here and pretend we don't see it. Give me a break.
