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Trump's "I Don't Know Him" Act? Yeah, I'm Buying That...Said No One Ever
Okay, so Trump pardons some crypto dude, Changpeng Zhao—or "CZ," whatever—for enabling money laundering. Then, when asked about it on 60 Minutes, he pulls the "I have no idea who that is" card. Right. And I'm the Queen of England.
Please.
The Amnesia Defense
The sheer audacity of this guy. He's got companies partnering with Trump-linked firms on crypto projects, sons sitting on advisory boards in Trump Tower, and suddenly it's all "who dat?" It's like watching a toddler with chocolate smeared all over his face deny eating the cake.
"Witch hunt," he claims, courtesy of Biden. That's the go-to, isn't it? Everything's a witch hunt when it involves consequences for, you know, actual crimes. And his Press Secretary Karoline Leavitt doubles down, calling the prosecution a "war on cryptocurrency." Give me a break. A war on enabling money laundering, maybe.
But here's what really fries my circuits: he claims he wants the US to lead in crypto so China doesn't gain an advantage. So, to achieve this, he pardons a guy who admitted to…wait for it…significant harm to US national security? Genius! That's like hiring a pyromaniac to run your fire department. Does anyone actually believe this logic?
And let’s not forget the history here. This ain't even the first time Trump’s dipped his toes in crypto weirdness. Remember Justin Sun, the crypto entrepreneur who conveniently had his fraud case halted after investing in the Trump family's crypto firm? World Liberty Financial, the name sounds like something straight out of a dystopian novel. And now they're launching stablecoins to be used in Abu Dhabi for a $2 billion investment in Binance. I'm starting to think "stablecoin" is code for "easily laundered cash."
The SEC's Crypto Circus
Meanwhile, the SEC is still playing its little game of will-they-won't-they with crypto ETFs. October was supposed to be the month, but then the government shut down, because offcourse, it did. Now, November's being touted as the savior, with issuers trying to sneak ETFs through via procedural loopholes. Crypto ETFs: November Could Be the New October for U.S. After Shutdown Delays SEC Decisions Fidelity’s got a Solana ETF, Canary Capital wants an XRP ETF... It's like watching a bunch of kids trying to pull a fast one on the substitute teacher.
But here's the real kicker: the SEC hasn't even bothered to give XRP the time of day. Are we really supposed to believe they're gonna let that one slide? I mean, maybe I'm underestimating the level of chaos here, but...
It’s all a big, beautiful mess, ain’t it? Crypto billionaires getting pardons, politicians playing dumb, and regulators fumbling around like they're trying to defuse a bomb with oven mitts.
And honestly, I'm starting to wonder if the whole point is to keep us confused. If everyone's scratching their heads, nobody notices the actual grift happening right under their noses.
So, What's the Real Story?
It's a swamp. Always has been, always will be. The names change, the tech changes, but the game stays the same: rich people using loopholes and political connections to get richer, consequences be damned.
