Changpeng Zhao pled guilty for violating the Bank Secrecy Act and not complying with anti-money laundering requirements. That also happened to a lot of big banks over and over again. Three days ago one of the biggest was found guilty for helping Sudan’s government commit genocide by providing banking services that violated American sanctions [0]. Sounds worst. Binance is a casino for millennial and gen Z and like cas…
Whataboutism. Has to be called out.
What about the whataboutism of whataboutism? I.e. meta-whataboutism
The use of whataboutism and the ‘calling out’ of whataboutisms are both mechanisms of narrative control.
Key line: > "Since Trump’s election, Binance has also been a key supporter of his family’s World Liberty Financial crypto venture, a business that has driven a huge leap in the president’s personal wealth." "Huge leap" meaning $5 billion, https://www.cbsnews.com/news/trump-wlfi-world-liberty-financ... ( "New crypto token boosts Trump family's wealth by $5 billion" )
But Binance founder doesn't work for Binance anymore so why pardoning founder help Binance?
I wonder if civil forfeiture will work against Trump once he's out of office. Trump's net worth before becoming President was under US$1 billion. Now it's over 6 billion. A civil claim for the difference based on the Emoluments Acts. "The Foreign Emoluments Clause bars the president and other federal officials from accepting “any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or fo…
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yes, we should absolutely do the same to her. why would you bring up nancy pelosi when no one else has?
Serious question - it seems that many of this Administrations activities are illegal in some way or the other. I know that government officials are shielded from a lot of actions so they can not be prosecuted. What actions that have been taken could actually be prosecuted? For example, I would have to assume that the ballroom demolition and build-out is illegal, there were $0 appropriated from Congress for this, and…
> NOTHING is going to happen while the Republicans control congress, period
For anyone interested, for the past 30 years, Republicans dominated for 22 years in total, while Democrats only 8.
Unfortunately, sometimes our judges, juries, and officers are also biased or incorrect; pardons are useful when the delivery of justice was mistaken or excessive.
> pardons are useful when the delivery of justice was mistaken or excessive If you look at a slew of the recent pardons, the beneficiaries had already pleaded guilty. In those cases, the pardons should be ineligible. I think the most a President could do - should be - give defendants the ability to appeal the case to a new judge or jury. It's wrong and should be corrected! Added it to my todo list
A guilty plea doesn't really mean actual guilt in the modern justice system. The state is overwhelmingly powerful in the cases it brings.
Please correct me if I'm wrong, but Zhao was convicted of crimes which were a direct result of his operating a crypto exchange, and not any other criminal activity. It may be possible to operate a legally-compliant crypto exchange, but I am not sure that any current exchange is fully compliant with US law. If we agree on these facts, and think that the 'war on drugs' is what has resulted in 'drug possession' and 'dru…
> and not any other criminal activity He made a lot of money from the other criminal activity. That's what money laundering is: just because you're not directly trafficking children, for example, doesn't mean you have clean hands when you make significant profits from the people who are.
Except, correct me if this is wrong, but he wasn't even convicted of money laundering, let alone the underlying crimes you suggest he was launder the proceeds of. It was simply for failing to register / setup an appropriate AML system. Whether any ML occurred, by whom, and in relation to what... are outstanding questions. If he had done all that and all they got him on was a 4-month technicality, that tends to suggest he was probably innocent (or the investigation was inept).
Key line: > "Since Trump’s election, Binance has also been a key supporter of his family’s World Liberty Financial crypto venture, a business that has driven a huge leap in the president’s personal wealth." "Huge leap" meaning $5 billion, https://www.cbsnews.com/news/trump-wlfi-world-liberty-financ... ( "New crypto token boosts Trump family's wealth by $5 billion" )
But Binance founder doesn't work for Binance anymore so why pardoning founder help Binance?
According to Binance, he owns 90%. Whether he is CEO or not probably doesn't prevent him from influencing Binance operations to support Trump's coin.