Posted on 10/24/2025 10:37:04 AM PDT by SeekAndFind
The Trump administration excels at sowing uncertainty. But it is sending an unambiguous message to crypto entrepreneurs who may be operating on the fringes of the law, or outside of it: Don’t worry about a thing.
ICYMI: President Donald Trump on Thursday issued yet another reprieve for a crypto mogul who happens to have greatly enriched the Trump family’s net worth.
Changpeng Zhao, the founder and former CEO of crypto exchange Binance, served a four-month prison sentence after pleading guilty in 2023 to charges related to anti-money-laundering violations. Zhao, widely known as “CZ,” was released in September 2024. After months of lobbying the Trump administration, he received a pardon, with the White House saying Thursday it believes his case was “overly prosecuted” by the Biden administration.
The pardon is expected to help Binance return to the United States after a yearslong investigation found that the company had allowed criminals to freely transact on its platform, enabling actions including child sex abuse, narcotics trafficking and terrorist financing. (The company and Zhao pleaded guilty in one of the largest corporate settlements with federal authorities in US history.)
Zhao’s case was a major victory for the Biden administration, coming just weeks after a jury found Sam Bankman-Fried guilty of multiple counts of fraud and conspiracy in connection with the collapse of his company, FTX, a onetime rival to Binance. (Bankman-Fried, who was sentenced to 25 years in a federal prison, is also angling for a pardon, according to the New York Times.)
At that time, prosecutors and financial regulators had an icy stance toward crypto that the industry has long painted as hostile — a fact that helped galvanize crypto advocates to support Trump, who embraced them (and their very wealthy donors) during his re-election campaign.
(Excerpt) Read more at edition.cnn.com ...
Trump, once a skeptic of digital assets, is now a full-fledged crypto mogul. Having amassed more than $5 billion in paper gains through his own and his family’s various crypto projects, Trump’s digital asset portfolio now eclipses his real estate holdings.
But Trump’s success in crypto is thanks in no small part to connections he and his eldest sons have forged with industry bigwigs, including Zhao, whose own net worth is estimated at more than $85 billion.
Thoughts from Freepers?
crypto “entrepreneurs”
So. What? You cannot put ketchup on cryptocrap.
I am with him.
Has Disney found a buyer for CNN yet??
I trust gas station sushi more than crypto schemes.
Hmm gas station (sigh), hot roller dogs and sausages, mostly fresh coffee, ( former 7-11, circle k work in the past). All of which can handle a dollop of ketchup.
(I can not handle ‘x’ raw.)
I enjoy those little measured packets of ketchup, mustard, relish so green, and little packets of onions to place on that darkened foot long with adornments.
Trump does seem to have a lot of sympathy for fraudsters.
Y'know, like all the white collar criminals pardoned by Slick, by Zero, by the Biden family and staff...
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