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Trump's Crypto Grift: Another Day, Another Swamp Creature
So, Trump pardons this Changpeng Zhao character, head honcho at Binance, after he admitted to letting his platform be used to finance terrorism and all sorts of nasty stuff. And what does Trump say? "I don't know him." Right. Give me a break.
Oyer, the ex-Justice Department pardon vetter, calls it unprecedented. She says the money involved is insane, and the self-dealing is off the charts. You think? This whole thing stinks worse than a week-old fish.
The Emirati Connection
Here’s where it gets extra greasy. Zhao’s Binance, fresh off a guilty plea and a multi-billion dollar fine, donates software to Trump's family's crypto venture, World Liberty Financial (WLF). Apparently, without Zhao's "donation," WLF wouldn't even exist. Then, BAM, some Emirati fund dumps two billion into WLF. Two. Freaking. Billion. In a crypto that had been on the market for five weeks.
Campbell, the ex-banker-turned-crypto-expert, calls it "nuts." I'd go with "criminally insane," but hey, that's just me. Lessig, the ethics guru, says it's all about ingratiating themselves with the president. "Compromised" is the word he uses. Yeah, that about covers it.
Oh, and get this: shortly after the WLF deal, Trump announces the Emiratis are investing in America, and we're giving them AI chips. Coincidence? Maybe. But I ain't buying it. Occam's Razor suggests a simpler explanation: bribery, plain and simple. But hey, what do I know? Maybe I'm just a conspiracy theorist...
The Swamp Runs Deep
Lessig is right – there's always been money in politics, but this level of blatant corruption is new. The public's already lost faith in government, and this kind of crap just pours gasoline on the fire. Democrats, Republicans, Independents – they all know the system's rigged.
And the Trumps? Eric Trump claims his dad has nothing to do with WLF. Sure, Eric. And I'm the Queen of England. Michael Gerhardt, the constitutional scholar, nails it: this is a classic conflict of interest. Trump's using his office – our money – to promote his family's business. What a shocker.
The White House claims there are no conflicts of interest. They expect us to believe this nonsense, and honestly...
So, What About the Chips?
But wait a minute. Let me get this straight. So, the Emiratis get their hands on some AI chips, and they're investing in America. What does that even mean? Are we selling out our tech secrets for a quick buck? And what about the national security implications of all this? Nobody seems to be asking the right questions.
Cui Bono?
Zhao's attorney claims Binance didn't provide technical support to WLF. But WLF's lawyers admit Binance gave them "freely available" software to save them time. Right. "Freely available." Like a "free" puppy that ends up costing you thousands in vet bills.
Then there's the fact that Zhao's Binance still has two billion bucks parked in WLF. That money's earning interest for the Trumps and their partners. And Zhao basically controls whether WLF lives or dies. He's got a sword hanging over their heads. This is all perfectly normal, offcourse.
It's All Just a Big Joke
Trump claims he doesn't know Zhao, even after pardoning him. He even tries to play the "fake news" card when confronted about it. The guy's a walking, talking parody of himself. And we're all just along for the ride on this insane clown train.
