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Trump's Binance Pardon: Proof the Swamp is Alive and Well
So, Trump pardoned the Binance founder, CZ. Shocker.
Let's be real, anyone surprised by this is either new to the game or willfully ignorant. The guy basically admitted to letting Binance be a playground for criminals, terrorists, and god knows what else, and then gets a get-out-of-jail-free card? This ain't justice; it's a goddamn joke.
The Sweet Smell of Corruption
Elizabeth Oyer, the former pardon attorney, called it "corruption," and honestly, what else can you call it? The timing is just too convenient. Binance donates software to a Trump-linked crypto venture, an Emirati fund invests billions in Binance-backed crypto, and suddenly, poof, CZ gets a pardon. You connect the dots. It's not rocket science.
And Trump's defense? "I don’t know him. I don’t believe I've ever met him." Give me a break. I'm sure he says that to all the crypto billionaires.
Then there's the whole "Biden administration persecuted him" angle. Yeah, right. Prosecuting someone for enabling money laundering is now "persecution." Okay, sure. Whatever you say, Donny.
But here's the kicker: CZ himself says that if Binance gets a refund on the $4.3 billion fine they paid, they'll "invest that in America anyway." Oh, how generous! It's like saying, "Sorry for helping criminals, here's some money to make up for it." Like that makes it okay.
Binance's "Oops, We Facilitated Crime" Tour
And it's not just Oyer saying this smells fishy. The International Consortium of Investigative Journalists (ICIJ) found that Binance still facilitates millions in transactions for organized crime groups after CZ's guilty plea. Offcourse, Binance claims they're working with law enforcement and can't block deposits. But if a company is repeatedly used for money laundering, maybe—just maybe—they should, I don’t know, try harder?
The report also dives into how other exchanges are getting in on the action, like OKX, HTX, Bybit, and Kraken. It's a crypto crime party, and everyone's invited! Binance, OKX, HTX, Bybit, Kraken cited in ICIJ scam probe
It's like, how many times do we have to see this happen before we admit the whole crypto space is just begging to be used by criminals? And the exchanges? They're either complicit or so incompetent it doesn't even matter.
(Sigh)
Makes you wonder what the point of any of this is. Are we just doomed to watch the same cycle repeat itself, with new scams and new ways for the rich and powerful to get away with anything?
So, What Happens Now?
Well, according to the article, "Congressional scrutiny, litigation, and public debate are likely to intensify." Oh boy, more hearings! That'll fix everything, I'm sure.
Oyer's lawsuits might force the release of some internal DOJ communications, which could be interesting. And maybe, just maybe, someone will actually be held accountable for all this. But let's be real, I ain't holding my breath. Trump Pardon for Binance CEO Was ‘Corruption’—Former DOJ Pardon Attorney
The White House will probably just keep denying everything, and Trump will keep tweeting about how he's the victim of a witch hunt. And the crypto world will keep chugging along, pretending everything is fine.
