Okay, so Trump pardoned Changpeng Zhao. CZ, the guy who ran Binance and pleaded guilty to enabling money laundering. Served four months. Now he's free thanks to… Trump? What the actual hell?
This whole thing stinks worse than a week-old gym sock. Trump says he didn't even know who Zhao was, but some people told him it was a "witch hunt." Right. Because that's how justice works now. Some "people" whisper in your ear, and suddenly money launderers get a get-out-of-jail-free card. And Bitcoin dips below $108,000...coincidence? I think not.
Let's be real: this isn't about justice. This is about power, influence, and probably a whole lot of money changing hands behind closed doors. Remember when the Trump administration halted that fraud case against Justin Sun after his investments in the Trump family's crypto firm? And now there's a stablecoin being used for a $2 billion investment in Binance? Connect the dots, people. It ain't rocket science.
Karoline Leavitt, the White House Press Secretary, called Zhao's prosecution a "war on cryptocurrency." War on cryptocurrency? Give me a break. It was a war on illegal activity using cryptocurrency. There's a difference, offcourse. Or is that too nuanced for these clowns?
Trump also pardoned founders of BitMEX and Ross Ulbricht of Silk Road. There's a pattern emerging here. It's like he's building his own crypto hall of fame... of scumbags.
And what's with Trump suddenly being pro-crypto? "The US needs to be a leader in the industry," he says. Well, maybe leading in regulating it, not giving free passes to guys who make it easy to wash dirty money. What message does this send? That crime pays, as long as you're rich and connected?
Riya Sehgal from Delta Exchange says markets are experiencing a "healthy deleveraging phase." Healthy? People are losing their shirts, and she calls it healthy? I swear, the way these analysts spin things...
Meanwhile, we're all supposed to be distracted by JOLTS job openings and University of Michigan's inflation expectations. As if those numbers mean anything when the whole system is rigged.
I mean, what are we even doing here? Are we supposed to trust these guys? To believe they have our best interests at heart? They expect us to believe this nonsense, and honestly...
Look, I'm not saying crypto is inherently evil. But this whole situation—the pardons, the investments, the cozy relationships—it's a recipe for disaster. It's like watching a train wreck in slow motion. And honestly, I'm starting to think maybe I'm just too cynical for this world. Maybe I should just go live in a cave and wait for the asteroid.
