I don't think it's really necessary to pretend that this pardon was deserved. The pardon happened because (a) Trump wants the support of crypto billionaires and (b) Trump received a large bribe. It's really not complicated.
Painting Trump as sympathetic to ethnic discrimination is really ridiculous. No one believes that, even people who cynically use that justification to support his lawlessness.
It may be a non sequitur to suggest that the pardon of one convicted financial criminal is similar to the lack of convictions in another likely financial crime context, but it seemed germane and parallel to me.
- Operation Malicious Mortgage:
- > 400 arrested
- 173 convictions
- Operation Stolen Dream:
- ~500 arrested
- > 300 convictions
The real question is about Kraken. How they've managed to remain untouched is a mystery.
Absolutely.
With these characters, from Trump on down, discourse is not the point.
He is flexing his power by showing he can make an obviously fatuous point and get away with it. Because there are no consequences, for someone like him.
Biden abolishing police is hyperbole.
CZ enabled a lot of dark shit. He is somehow simultaneously so powerful as to help millions of Chinese, but powerless to do anything about a few thousand of criminals and pedophiles?
This is not a serious take.
Do you have a rebuttal for coffeezillas assertion that 2 billion dollars of Abu Dhabi money was invested in Binance using the Trump family coin in order to buy a pardon?
The president is clearly pro crypto and doesn't think this dude did anything wrong, but he also wasn't gonna give a pardon away for free. It's a disgusting abuse of office he should be impeached over. Selling pardons, what a shit show.
I don’t doubt Trump tried to advantage himself when doing this. But I do feel like the Binance charge wasn’t consistent at all.
Kinda like getting a speeding ticket, the fact that other people were also speeding isn't a defense.
When did this happen?
I’m tempted to think “Fox News is a hell of a drug.”
"CZ deserves his pardon.
His show trial of a prosecution was a combination of regulatory railroading and ethnic persecution for being Chinese-Canadian.
Imagine if Macron was held personally responsible for every crime committed by the 67M citizens of France, and you'll get the absurdity of holding CZ personally responsible for the actions of a few of the 250M+ Binance users.
Indeed, if the bureaucrats who went after CZ were similarly held accountable for every violent crime committed in their home states, they'd be in prison for eternity! But there was an insane double standard. In the physical world, the Biden admin gleefully abolished the police. Meanwhile, in the digital world they demanded that CEOs achieve impossible levels of probity.
The ethnic dimension to CZ's persecution was similarly execrable. In reality, he helped many millions of Chinese people get into Bitcoin and thereby get to freedom. And also helped millions of poor people from around the globe get out of failed currencies, and into cryptocurrency.
So he did more for practical human rights and civil liberties than most. CZ did nothing wrong, and did so many things right.
Of course, my friends at Coinbase and I were competitors of Binance. But I always respected CZ, and I congratulate him on his accomplishments, and I congratulate him on his pardon today. Well deserved."
https://x.com/balajis/status/1981423831572238856