Surprisingly, Trump unconditionally pardoned Binance founder Changpeng Zhao!
On October 24, Bloomberg reported: "Trump signed a pardon yesterday, unconditionally pardoning Binance founder Changpeng Zhao. This move is seen as an important step to boost the cryptocurrency industry. Zhao had pleaded guilty in 2023 and paid a $4.3 billion fine for Binance's failure to effectively implement anti-money laundering procedures, and he also resigned from his position as CEO. Last April, he was sentenced to four months in prison for violating anti-money laundering laws. Trump claimed that Zhao was persecuted by Biden and pardoned him at the request of many parties. He also denied knowing Zhao. Zhao expressed gratitude on X platform, promising to help the US become the capital of cryptocurrencies. It is worth noting that since Trump returned to the White House this January, the Trump family has made millions of dollars from cryptocurrency investments. This move has raised questions about conflicts of interest. The White House denied the related accusations."
[Cunning] Pardoning Zhao Changpeng is nothing more than a dirty conspiracy between the White House power and crypto capital! Trump unconditionally pardoning Zhao Changpeng, who had confessed and served time, makes the claim of upholding fairness and justice completely unsustainable. On one hand, the Trump family has made millions of dollars from crypto investments, and on the other hand, Binance had negotiated equity transactions with Trump's allies to return to the U.S. market. This pardon seems more like a precise division of power and capital, portraying the conviction as persecution by the Biden administration and packaging the transfer of benefits as a move to boost the industry. Trump used presidential pardon power to open the door for crypto capital, and Zhao Changpeng's promise to "help the US become the capital of cryptocurrencies" is exactly the footnote of this deal. When White House power becomes a tool for family business, the so-called "careful review" is nothing more than self-deception, exposing the ugly truth of collusion between power and money!
Original: www.toutiao.com/article/1846822054049992/
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