Crypto Pardons and SEC Delays: Who Even Knows Anymore?

Blockchain related 2025-11-03 20:34 15 Tronvault

Trump's Crypto Pardon: Ignorance or Just Another Grift?

Alright, so Trump pardoned Changpeng Zhao – CZ, the Binance guy – and then claimed he has "no idea who he is." Give me a freakin' break. Seriously? Is this guy playing us, or is he genuinely clueless? Actually, scratch that. With Trump, does it even matter?

The "I Don't Know Him" Defense: A Classic

"Okay, are you ready? I don't know who he is," Trump told 60 Minutes. That's his defense? 'I don't know who he is,' says Trump after pardoning crypto tycoon The same dude whose administration halted a fraud case against another crypto hustler, Justin Sun, after Sun invested in the Trump family's crypto firm, World Liberty Financial. The same guy whose White House Press Secretary called CZ's prosecution a "war on cryptocurrency."

It's like saying, "I have no idea who that guy is I just gave a million dollars to." Come on!

And the "witch hunt" claim? Karoline Leavitt, the press secretary, is pushing that line, saying the Biden administration "overly prosecuted" CZ. Right. Because enabling money laundering is just a minor offense these days.

Maybe I'm missing something here. Maybe Trump really is that detached from reality. But let's be real: this smells like swamp gas.

Follow the Money, or At Least Try To

CZ's companies have partnered with firms linked to Trump. Dominari Holdings, based in Trump Tower, has Trump's sons on the board of advisors. Coincidence? I think not. It's all connected, ain't it? You scratch my back, I pardon your… questionable financial activities.

Crypto Pardons and SEC Delays: Who Even Knows Anymore?

And let's not forget the stablecoin launched by World Liberty Financial, the one that an Abu Dhabi firm was going to use for a $2 billion investment in Binance. Funny how these things work out, isn't it?

It reminds me of that time I tried to fix my own plumbing. Watched a YouTube video, thought I knew what I was doing, and ended up flooding my entire bathroom. Some things are better left to the "experts," even if those experts are shady as hell.

The pardon itself is interesting. It lifts restrictions that stopped CZ from running financial ventures. Does it change his standing with US regulators or his role at Binance? Who knows! It's all so murky.

Crypto ETFs and the SEC: A Distraction?

While all this pardon drama is unfolding, the SEC is dragging its feet on crypto ETFs. Remember how October was supposed to be the month for crypto ETFs? Yeah, well, that didn't happen thanks to a government shutdown. Now, November's the new maybe-October.

Some issuers are trying to sneak through the back door with "no delaying amendment" language in their S-1 filings. Fidelity and Canary Capital are in the mix, pushing for Solana and XRP ETFs, respectively. If the SEC doesn't step in, we could see an XRP fund as soon as November 13th.

But here's the thing: the SEC hasn't really engaged with the XRP application. James Seyffart, an ETF analyst at Bloomberg Intelligence, thinks some funds might launch next month, but others are unlikely without the government reopening. So, is this progress, or just more regulatory limbo?

And is all this ETF noise just a way to distract us from the bigger picture? Trump pardoning crypto bros while the SEC twiddles its thumbs? Maybe I'm being too cynical. Nah.

So, What's the Real Play Here?

Trump claims ignorance, his cronies claim "witch hunt," and the crypto world keeps spinning. But the money trail, however murky, leads right back to Trump Tower. It's a classic case of "do as I say, not as I do," and honestly, I'm not even surprised anymore. This whole thing stinks.

Tags： crypto news

Crypto Pardons and SEC Delays: Who Even Knows Anymore?

The "I Don't Know Him" Defense: A Classic

Follow the Money, or At Least Try To

Crypto ETFs and the SEC: A Distraction?

So, What's the Real Play Here?

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

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