Free Republic

America’s Founders made the presidential pardon power absolute, and they did so as a protection against injustice. But Hamilton and Madison might be having second thoughts as they watch President Trump dole out pardons as a form of political legal tender. In the latest example, Mr. Trump on Wednesday pardoned crypto kingpin Changpeng Zhao, who happens to be a Trump family business partner. “I gave him a pardon at the request of a lot of very good people,” Mr. Trump said. “A lot of people say that he wasn’t guilty of anything.” One of those people wasn’t Mr. Zhao, unless...

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...