CHANGPEN ZHAO binance
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when trump says he knows nothing about X it means he knows everything and vice versa.
Trump's new defense of 'scandalous' pardon is 'worse' than his lying: analysis - Alternet.org
an 10 25
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no lnx
'He's not innocent': Republican denounces Trump's pardon of Chinese billionaire
U.S. President Donald Trump speaks during an announcement regarding his administration's policies against cartels and human trafficking, from the State Dining Room at the White House in Washington, D.C., U.S., October 23, 2025. REUTERS/Jonathan Ernst
:{Carl GibsonOctober 23, 2025 |
President Donald Trump recently announced he was officially pardoning Changpeng Zhao, who is the former CEO of cryptocurrency company Binance. One member of his party is now publicly condemning the act.
Politico reported Thursday that after Trump pardoned Zhao — a Chinese-born Canadian resident who is ranked as the 21st richest person in the world with a net worth in excess of $87 billion — Sen. Thom Tillis (R-N.C.) said it sent "a bad signal."
"I don’t like it,” said Tillis, who is not running for another term next year. "He was convicted. He’s not innocent."
Zhao pleaded guilty in November of 2023 to money laundering charges and agreed to pay $4 billion in penalties. Then-Treasury Secretary Janet Yellen said after the plea deal that Binance "allowed money to flow to terrorists, cybercriminals, and child abusers through its platform." Assistant Attorney General Matthew G. Olsen said at the time that Zhao's company "gave sanctioned customers unfettered access to American capital and financial services."
However, Zhao also had personal ties to the Trump family. As the Wall Street Journal reported, Binance supported the Trump Organization's World Liberty Financial cryptocurrency venture headed by Donald Trump Jr., which has led to the president's personal net wealth spiking significantly since the start of his second term.
The Senate is currently discussing market structure legislation aimed at regulating the cryptocurrency industry. Some Democrats are arguing for provisions in the bill that would prevent the president and his family from profiting from its crypto business, though Republicans are likely to reject them.
“It’s absolutely corrupt what this president is doing, and none of us should be surprised,” Sen. Ruben Gallego (D-Ariz.) told Politico. “What we’re trying to do in market structure is to keep the Binances of the world outside of the United States market.”
Click here to read Politico's full report.
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an no lnx
'I don't know — he was recommended': Trump struggles to justify latest pardon
:{U.S. President Donald Trump gestures during an announcement regarding his administration's policies against cartels and human trafficking, from the State Dining Room at the White House in Washington, D.C., U.S., October 23, 2025.
REUTERS/Jonathan Ernst}:
David BadashOctober 23, 2025
Just after pardoning the founder of Binance, President Donald Trump struggled to explain his decision — appearing unfamiliar with both the recipient and the legal issues surrounding the case that led to his conviction.
“President Trump has pardoned Changpeng Zhao,” The Wall Street Journal reported on Thursday, “the convicted founder of the crypto exchange Binance, following months of efforts by Zhao to boost the Trump family’s own crypto company.”
Asked on Thursday why he chose to issue the pardon, and if it had anything to do with Zhao’s involvement with the Trump family’s crypto business, the President responded, “Who is that?”
READ MORE: ‘Amateur Historian’ Mike Johnson Hails Trump’s Ballroom as ‘Greatest’ White House Upgrade
“The founder of Binance,” the reporter replied.
“The recent one, yes,” Trump said. “I believe we’re talking about the same person, ’cause I do pardon a lot of people.”
“I don’t know — he was recommended by a lot of people,” Trump continued. “A lot of people say that — are you talking about the crypto person?”
“Yes.”
“A lot of people say that he wasn’t guilty of anything,” the President declared. “He served four months in jail, and they say that he was not guilty of anything, that what he did —” Trump said before the reporter interjected.
“Well,” Trump responded, “you don’t know much about crypto, you know nothing about, you know nothing about nothing. You’re fake news.”
READ MORE: ‘Racist on Its Face’: Top Democrat Blasts Trump’s ‘Truly Vile’ New Policy
“But let me just tell you that he was,” Trump said, “somebody that, as I was told, I don’t know him, I don’t believe I’ve ever met him. But I’ve been told, a lot of support. He had a lot of support, and they said that what he did is not even a crime.”
“It wasn’t a crime, that he was persecuted by the Biden administration, and so I gave him a pardon at the request of a lot of very good people.”
The Wall Street Journal also reported that a “pardon will likely pave the way for Binance, the world’s largest crypto exchange, to return to the U.S. after the company pleaded guilty in 2023 to violating U.S. anti-money-laundering requirements and was barred from operating in the country.”
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READ MORE: ‘Pay to Play’: Trump Ballroom Donors List Draws Concern and Condemnation
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GMAIL LEFT HOOK 10 25
...When you have power and don’t plan on giving it up anytime soon, you can behave like a supervillain without any shame or subtlety.
I was planning on talking to Adam about the numerous scandals that are engulfing the Trump Administration, which reveal the corrupt, grifting nature of this white nationalist regime. The universe told us to hold our memecoin as we received breaking news that Trump pardoned Changpen Zhao, founder of crypto exchange Binance, who pleaded guilty to money laundering in 2023.The same Administration, however, is boasting of cracking down on an alleged gambling ring featuring high-profile NBA stars and coaches.
It’s all projection all the time with MAGA. As Trump and Stephen Miller dehumanize the majority as terrorists and criminals, the regime is perfectly fine pardoning criminals like Zhao and Ross Ulbricht, the founder of Silk Road, who created digital havens for drug and sex trafficking.
While ICE terrorizes US cities, shoots at unarmed priests, and assaults innocent Americans, Trump pardons Republicans convicted of fraud and theft, such as George Santos and Michael Grimm. Trump is also fine with releasing violent criminals, such as the insurrectionists who stormed the US Capitol on his behalf on January 6th. However, Republicans still won’t release the Epstein Files. Ghislaine Maxwell, Jeffrey Epstein’s associate, is receiving great perks at a minimum security camp in Texas, but Rep. Grijalva has yet to be sworn in by Speaker Mike Johnson. Meanwhile, Christopher Moynihan, one of the pardoned insurrectionists, was charged last week for attempting to assassinate Rep. Hakeem Jeffries.
It’s all upside down because a plurality of Americans decided to elect a cruel, selfish, compromised criminal and send him back to the White House, which he is currently destroying - literally. The entire East Wing of the White House has been demolished as Trump continues to build his $300 million ballroom.
It is the most perfect metaphor for Trump, and, tragically, all of it could have been avoided.
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