Live data from Hacker News

Trump pardons convicted Binance founder

wsj.com

131–140 of 1001 posts

Re: Trump pardons convicted Binance founder

#131

If we ever get trump out of office we need to re-arrest every last one of these guys. The supremes can whine and cry as we keep them in prison. They can raise an army if the want anything different. Serious controls need to be placed around the pardon power.

Double Jeopardy is disallowed in the United States, they would have to be convicted on new crimes.

Re: Trump pardons convicted Binance founder

#132

Earlier quoted context omitted.

> 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 sugges…

I'm not sure you understand the point. It isn't that CZ himself was specifically putting forth the effort to launder money. It isn't that he was specifically doing things to try and make it easier. The point is that he had a legal duty to actively attempt to prevent money laundering. Binance was legally required to do this to operate in the US, and did not. The court case produced messages from the Chief Compliance Officer pointing out a myriad of ways in which they were not complying with various laws of this nature and they were ignored.

The BSA is not a technicality and trying to reframe it as one is wild. It is to make sure that people that have a financial incentive to turn a blind eye to money laundering don't turn a blind eye to it. You don't need to be directly involved in the money laundering to be incentivized to let it happen.

Re: Trump pardons convicted Binance founder

#133
post #89

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…

You dont live in a country where Rule of Law matters anymore.

Re: Trump pardons convicted Binance founder

#134
post #19

Is there any way to read this other than Trump is cuddling up to crypto because it’s a tool for him and his cronies to make dodgy money?

Yes - he campaigned on making America more crypto-friendly in general; this could also be read as part of making good on that promise.

Just like being bank-friendly means allowing criminality in bank management. And being transportation-friendly means allowing people to drive drunk!

Re: Trump pardons convicted Binance founder

#135
post #19

Is there any way to read this other than Trump is cuddling up to crypto because it’s a tool for him and his cronies to make dodgy money?

> ...it’s a tool for him and his cronies to make dodgy money?

It's a vehicle to sell "access". The greed is only half of it.

The worst part is that they're selling access to foreign interests who pay them off. These people can't exactly show up with bags of gold to bribe King Sh*t Gibbon (yet), crypto is the next best thing.

Re: Trump pardons convicted Binance founder

#136
post #115
post #99

Earlier quoted context omitted.

Yes. (And I say that as a Democrat in California)

It really does seem like folks on the right assume that people who vote Democrat have a lot more love for Democrats than we actually do. The whole Bill Clinton in the Epstein files thing is another example—like yeah man let him hang. There's very little loyalty, there's some truth to the party being a bunch of minorities nervously huddled around the DNC for warmth.

Some people treat politics like a tribal sport where "morally OK" is determined solely by which team did it.

Their mental model of the "other side" is someone who is similarly team-driven.

These folks get really confused when "whatabout your team?" falls flat on people who want to live by principles or morality, rather than hat color.

Re: Trump pardons convicted Binance founder

#137
post #89

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…

I hope so. That way we can rebuild the White House the way it was and pay for it by seizing Mar-a-Lago and selling it off.

Re: Trump pardons convicted Binance founder

#138
post #32

Earlier quoted context omitted.

It seems like whatever party gets into power, suddenly doesn't want to change the system they inherited. I remember Trudeau talking about eliminating first past the post in Canadian elections. But once he got into power he forgot about it. We need a way to vote for popular ideas via referendum at the federal level. That might get it through.

> seems like whatever party gets into power, suddenly doesn't want to change the system “The Congress, whenever two thirds of both Houses shall deem it necessary, shall propose Amendments to this Constitution” [1]. No President. No courts. Partisanship may work to our advantage in a divided government. What you would need, however, to reach two thirds is some members of the President’s party signing on. That could ha…

> What we don’t want is direct democracy proposing amendments. California is a modern example of why republics are more stable than pure democracies, for anyone who forgot about Athens.

speak for yourself. the proof of the pudding is in the eating, as evidenced by the current political climate in the US.

Re: Trump pardons convicted Binance founder

#140
post #110

Earlier quoted context omitted.

Yes - he campaigned on making America more crypto-friendly in general; this could also be read as part of making good on that promise.

I hope this is satire. Only a moron would think this.

It answers the question posed. Unless you think only morons have opinions that differ from yours.
Post reply on HN