Trump's "I Don't Know Him" Act: Crypto Pardons and Convenient Amnesia
Alright, so Trump pardoned some crypto dude, Changpeng Zhao (aka "CZ"), who apparently pled guilty to enabling money laundering. Now, he's claiming he doesn't know who CZ is? Give me a break. 'I don't know who he is', says Trump after pardoning crypto tycoon
This whole thing stinks worse than week-old fish.
The Amnesia Defense
Trump's claiming he was told CZ was a victim of a "witch hunt" by Biden. A "witch hunt," huh? That's rich, coming from the king of "witch hunts." And suddenly, Trump's all about crypto? He says the US needs to lead in the industry or China will take over. This is the same guy who probably couldn't explain blockchain if his life depended on it.
It's like watching a toddler try to explain quantum physics.
And the White House Press Secretary calling Zhao's prosecution a "war on cryptocurrency"? Please. This is about as believable as a politician keeping a promise.
The article mentions Trump's companies partnering with firms linked to Zhao, including Dominari Holdings, where his sons are on the board. "No idea who he is," my ass. This is either blatant corruption or Trump's memory is even worse than we thought. Maybe both.
The Crypto Circus
The pardoning of CZ follows a pattern. Trump's administration previously halted a fraud case against crypto entrepreneur Justin Sun after Sun invested in the Trump family's crypto firm. And then there's the pardoning of the BitMEX founders, who also faced money laundering charges. It's a regular crypto pardon palooza!
You know, I'm starting to wonder if Mar-a-Lago is secretly powered by Bitcoin miners.
This whole thing makes you wonder: what exactly is going on here? Is Trump just clueless, or is there a deeper, more sinister game at play? Are we supposed to believe this is all just a coincidence?
Offcourse, the timing is interesting, considering the recent news about crypto VCs and digital asset treasuries (DATs). Apparently, some of these DATs are doing buybacks to narrow NAV discounts. One even sold $40 million of ETH to fund a buyback. Is that a warning sign? Maybe. Or maybe it's just the crypto world being its usual chaotic self.
And what about the price of Bitcoin? Hovering around $108,000... Seems stable enough, for now. But who knows what tomorrow will bring?
The Future of Crypto Corruption
The article mentions that Trump's pardon lifts restrictions that had stopped Zhao from running financial ventures. But does it change his standing with US regulators or his role at Binance? Unclear. And that's the problem, isn't it? Nothing is ever clear with these guys.
What's next? Will Trump start accepting Bitcoin as campaign donations? Will he launch his own cryptocurrency, "TrumpCoin"? At this point, I wouldn't rule anything out.
Then again, maybe I'm just being cynical. Maybe Trump really doesn't know who CZ is. Maybe this is all just a big misunderstanding.
Nah, who am I kidding?
So, What's the Real Story?
This is a swamp, plain and simple. The crypto world is already shady enough, and Trump's involvement just makes it ten times worse. "I don't know who he is"? Yeah, right.
