crypto news: Trump's "Who?" moment and ETF delays

Blockchain related 2025-11-03 19:51 16 Tronvault

Trump's "I Don't Know Him" Crypto Pardon? Yeah, Right.

Okay, so Trump pardoned some crypto dude he claims he doesn't know? Give me a break. The level of BS in politics is honestly insulting. According to Trump, 'I don't know who he is,' says Trump after pardoning crypto tycoon.

The "Witch Hunt" Defense

Trump says he was told this Changpeng Zhao guy – "CZ," apparently, because everyone in crypto needs a cool nickname – was a victim of a "witch hunt" by Biden. Classic. It's always a witch hunt, isn't it? Even when the dude pleaded guilty to enabling money laundering.

Four months in prison? A slap on the wrist. And now a pardon? What kind of message does that send? Oh, right, the message is: "If you're rich and connected, the rules don't apply."

And let's not forget the White House Press Secretary calling Zhao's prosecution a "war on cryptocurrency." Seriously? A war? Is this what passes for intelligent debate now? Last time I checked, enabling money laundering wasn't exactly a victimless crime. But hey, who needs facts when you have narratives to push?

Crypto Connections and Conflicts

Here's where it gets extra slimy. Turns out CZ's companies have partnered with firms linked to Trump, including one where Trump's sons are on the board. Coincidence? Yeah, offcourse it is. I'm sure there's absolutely no connection between those partnerships and a presidential pardon.

And it ain't the first time Trump's administration has played footsie with crypto. Remember Justin Sun? They halted a fraud case against him after he invested in the Trump family's crypto firm. It's like a revolving door of favors and dodgy deals.

crypto news: Trump's

I mean, are we really surprised? Trump's always been about the grift, and crypto's just the latest shiny object to dangle in front of his supporters. And they eat it up. Every. Single. Time.

It's all so exhausting.

The Future of Crypto Regulation (or Lack Thereof)

Trump also mentioned wanting the US to be a leader in crypto, otherwise China will gain an advantage. Is that the justification now? "We have to let rich dudes get away with shady stuff, or China wins!" Brilliant.

And speaking of crypto, November's shaping up to be a big month for ETFs. The SEC shutdown screwed up October's plans, but now companies are trying to sneak through approvals using procedural loopholes. Will it work? Maybe. Does it matter? Probably not. Crypto ETFs: November Could Be the New October for U.S. After Shutdown Delays SEC Decisions.

I mean, the whole crypto world seems to be operating in some kind of alternate reality where regulations are "suggestions" and common sense is a punchline. They launch stablecoins, get investments, and get pardoned like it ain't no thing. And the rest of us are just supposed to sit here and pretend it's normal.

Then again, maybe I'm the crazy one here.