In a bold move, Trump defends his decision to pardon Binance‘s Changpeng Zhao, citing “strong support” while dodging any lingering questions about the whole legal mess. šæ
Ah, the grand spectacle that is Donald Trump-ever the man of mystery and pardon. The latest plot twist? Trump recently found himself explaining his decision to pardon the former CEO of Binance, Changpeng Zhao, after Zhao served a whole four months in prison for a crime that, according to Trump, is more of a “misunderstanding” than a felony. š§
Now, itās no surprise that Trump stands by his decision. Why? Because, as he so eloquently put it, Zhao had āa lot of peopleā backing him. Apparently, a veritable army of folks believed that Zhao was unjustly persecuted. Of course, it doesnāt hurt that Zhao had been a tad dodgy with anti-money laundering laws-something about failing to keep things above board. No biggie, right? He just pocketed a $50 million fine and watched his company shell out $4.3 billion in a settlement. Business as usual in the crypto world. š°
Trump Explains the Pardon Decision
During a press briefing that could only be described as “vintage Trump,” our fearless leader addressed the burning questions about his decision. āA lot of people said this was a great thing,ā Trump assured everyone, as if that were the strongest argument in history. Letās face it-who doesnāt trust the collective wisdom of an unnamed, possibly fictional group of supporters? Trumpās also convinced Zhao was the victim of a Biden-led āpersecution,ā which certainly adds an extra layer of drama to the mix. š
Trump, clearly a fan of pardoning people left and right, was caught a bit off guard when asked about Zhao. Here’s Katlin Collins, pressing him on the details, while Trump just… didnāt seem to have a clue.
“I do pardon a lot of people. I don’t know. He was recommended by a lot ofā¦
– Ron Smith (@Ronxyz00)
Yet, in true Trumpian fashion, he doubled down. No personal connection to Zhao, mind you, but heās “heard” that Zhao had a hearty support network. Seems like a good enough reason to overlook a hefty fine and a massive settlement, right? š¤·āāļø
Zhaoās Legal Issues and Pardon Details
Ah, Changpeng Zhao, aka CZ, the crypto king whoās faced some very real legal drama. In 2023, Zhao found himself behind bars for the oh-so-heinous crime of failing to manage his anti-money laundering systems properly. A classic blunder, really. But not to worry, after just four months in the clink, he was back to his crypto empire, as grateful as ever for that pardon. In his first post-pardon speech, Zhao declared his undying devotion to making the U.S. the āCapital of Crypto.ā Thatās some lofty ambition-though it might be best to double-check those anti-money laundering practices, just in case. š§
Oh, and did we mention the $50 million fine and the $4.3 billion settlement Binance had to cough up? No big deal-just another Tuesday in the life of a crypto mogul. šø
Political Context and Reactions
The pardon, of course, didnāt come without its fair share of political buzz. Trump and Zhao? Well, letās just say their names have occasionally been whispered in the same breath when it comes to crypto dealings. Reports once suggested that World Liberty Financial, a company with links to Trumpās camp, was eyeing a stake in Binance.US. Naturally, those rumors were shot down faster than a bad tweet, but that didnāt stop the conspiracy theorists. š§
Reporter: āOn the pardon of Changpeng Zhaoā¦ Binance has significant business interests with World Liberty Financial, the president family’s crypto company. How do you respond to the allegations from Democrats that this is a corrupt act?ā
Karoline Leavitt: āThe President isā¦
– RedWave Press (@RedWave_Press)
With crypto constantly in the headlines-what with Sam Bankman-Friedās dramatic fall from grace and his claims that his arrest was politically motivated-itās no surprise that every move in the crypto space gets scrutinized like an episode of The Bachelor. All eyes are on you, Mr. Trump. šæ
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2025-10-24 11:03