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Crypto Pardons and SEC Delays: What's the Catch?

Blockchain related 2025-11-03 18:22 17 Tronvault

Generated Title: Trump's "Who's CZ?" Act: Either He's Clueless, or We're Being Played (Again)

Okay, so Trump pardons crypto dude Changpeng Zhao – CZ to those in the know – for enabling money laundering. A crime, mind you, that government prosecutors said caused "significant harm to US national security." Then, when asked about it on 60 Minutes, Trump pulls the "I don't know who he is" card.

Give me a break.

The Amnesia Defense

Seriously? "I don't know who he is?" This is the same guy who ran a reality TV show for years. You're telling me he can't remember a multi-billionaire crypto tycoon, especially one whose companies have partnered with firms linked to Trump Tower? It’s not like Trump's known for his humility or forgetting people who stroke his ego...

The White House spin is even worse. Karoline Leavitt calls CZ’s prosecution a "war on cryptocurrency" by the Biden administration. Right. It couldn't possibly be about, you know, money laundering. It's always a witch hunt, isn't it? I swear, this whole "witch hunt" defense is getting old.

And, offcourse, let's not forget Trump also said the US needs to lead in crypto to beat China. So, is this about national security, or is it about making sure Trump's buddies get rich off the next big crypto boom?

The Crypto Grift Goes On

Look, I get it. Trump likes shiny things and big numbers. Crypto promises both. He already halted a fraud case against Justin Sun after Sun invested in the Trump family's crypto firm. And he pardoned the BitMEX founders, who also faced money laundering charges, and Ross Ulbricht, the Silk Road guy. A pattern is emerging, ain't it?

Crypto Pardons and SEC Delays: What's the Catch?

It's like watching a magician pull the same rabbit out of the hat for the tenth time, and half the audience is still gasping in amazement.

But here's the real kicker: this pardon lifts restrictions on CZ running financial ventures. Does it change anything with US regulators or his role at Binance? The article doesn't say. Which is precisely the point. The whole thing is muddy, opaque, and smells like something rotten.

And what about these crypto ETFs that might be hitting the market soon? The SEC was supposed to approve them in October, but then the government shutdown happened. Now, some companies are trying to sneak them through using a "no delaying amendment" loophole. Fidelity and Canary Capital are already in the game. Crypto ETFs: November Could Be the New October for U.S. After Shutdown Delays SEC Decisions

I'm not sure what's worse—the fact that these companies are trying to bypass the SEC, or the fact that it might actually work. Are we really supposed to believe the SEC is staffed with superheroes who know everything?

Then again, maybe I'm the crazy one here. Maybe Trump really doesn't know who CZ is. Maybe this is all just a big coincidence. 'I don't know who he is,' says Trump after pardoning crypto tycoon

Nah.

It's a Swamp, and Trump's Still Selling Shovels

Tags： crypto news

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