The Wall Street Journal reported: "CZ Zhao, the founder of Binance who was once imprisoned, made his first public return to the United States after being pardoned by Trump, and attended a cryptocurrency summit at Mar-a-Lago with celebrities such as the CEO of Goldman Sachs and the president of the NYSE."
Comment: At 49 years old, CZ Zhao returned to the U.S. after being pardoned by Trump, appeared at the crypto summit in Mar-a-Lago, and socialized with the Trump family and Wall Street elites. This is a very realistic transaction between power and money. He had previously been sentenced to four months in prison for failing to properly implement anti-money laundering measures, and Binance was also fined 4.3 billion dollars. Trump's pardon was not about releasing him early, but rather helping him erase his criminal record so he could openly return to the U.S. to do business and mingle in high-end circles. Trump relies on attracting crypto capital to gain popularity and shape policies, while CZ Zhao uses the pardon to reappear on the international stage. In short, it's capital clinging to the power's leg, and power accepting capital's benefits, binding the crypto industry thoroughly into the U.S. political and business circles.
Original article: toutiao.com/article/1857811365032971/
Statement: The article represents the views of the author alone.