Oh, of course, US President Donald Trump has swooped in to clarify the absolute chaos surrounding his pardon of Binance’s co-founder, Changpeng Zhao (because who doesn’t love a good PR disaster?). He’s denying any links to the crypto tycoon and brushing off those pesky corruption allegations like crumbs off a suit.
Trump’s Pardon: Because Who Needs Clarity? 🤔
In a recent CBS News 60 Minutes interview (because where else?), President Trump defended his decision to pardon Binance’s co-founder Changpeng ‘CZ’ Zhao. And yeah, Congress wasn’t thrilled. Shocking, I know.
On October 23, the White House casually dropped the bomb that Trump had pardoned Zhao-two years after he pleaded guilty-because, you know, “constitutional authority” and all that. According to the White House, this was just another victim of the Biden Administration’s “war on cryptocurrency.” Because apparently, crypto is the new battleground. 🪖
Norah O’Donnell, CBS News correspondent, dared to ask Trump why he pardoned Zhao, who, fun fact, pleaded guilty to Anti-Money Laundering (AML) violations in 2023 while running Binance. And Trump’s response? Classic.
Trump claimed he doesn’t know Zhao personally (because why would he?), but heard his case was part of Biden’s “witch hunt” against crypto and that Zhao was “set up” and a “victim of weaponization.” Sound familiar? 🎯
This man was, in my opinion, from what I was told, this is, you know, a four-month sentence. But this man was treated really badly by the Biden administration. And he was given a jail term. He’s highly respected. He’s a very successful guy. They sent him to jail and they really set him up. That’s my opinion. I was told about it.
Trump’s Not Concerned About Corruption. Naturally. 😏
Trump elaborated (because why not?) that he knew pardoning Zhao “may look bad,” but he had to “do the right thing.” And no, he’s “not concerned” about the appearance of corruption or play-for-play. Because when has Trump ever cared about optics? 🕶️
Democratic lawmakers, however, have been busy pressing various government officials about Trump’s crypto ventures and potential conflicts of interest. Among their concerns? A $2 billion deal between Trump-backed World Liberty Financial (WLFI) and Emirati firm MGX, facilitated by Binance. Allegedly, Trump’s been advertising a “staggering model for corruption.” But who’s counting? 💸
When asked about the potential play-for-play, Trump casually shrugged it off, saying he’s “too busy” and his sons handle the family’s crypto ventures. Because delegation is key, right?
I can only tell you this. My sons are into it. I’m glad they are, because it’s probably a great industry, crypto. I think it’s good. You know, they’re running a business, they’re not in government. (…) My sons are involved in crypto much more than I- me. I- I know very little about it, other than one thing. It’s a huge industry. And if we’re not gonna be the head of it, China, Japan, or someplace else is. So I am behind it 100%.
Trump wrapped it up by declaring he wants to “make crypto great for America” (because why not slap that slogan on everything?) and doesn’t want another country to lead the industry. According to him, America’s already number one in crypto and AI, and he wants to keep it that way. Because, obviously, it’s all about being number one. 🏆
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2025-11-04 11:15