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Trump pardons convicted Binance founder

wsj.com

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Re: Trump pardons convicted Binance founder

#161

Post by moralestapia »

therein wrote: post #130
dreamcompiler wrote: post #108

I'm sure SBF and Elizabeth Holmes will be next.

SBF, maybe. Elizabeth Holmes, no chance.

No chance SBF ever goes out (until he's done with his sentence).

Two huge factors against him:

* Most people don't even know who CZ is, so this is meh-tier. People know SBF and find him repulsive, literally. Whoever puts SBF out of jail will face a massive PR backslash, he's not important enough to be worth that.

* SBF stole from the rich, the only real crime in the US.

Very few times you see someone who is equally hated by: the law, the public and the rich. He's screwed, lol.

Re: Trump pardons convicted Binance founder

#162

Post by 9dev »

sleepybrett wrote: post #125

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.

The moment pardons are abused, the whole concept should be abolished. Pandora’s box is open now, unless you take it away, it’ll be continued to be abused.

Re: Trump pardons convicted Binance founder

#163

Post by tripplyons »

wmf wrote: post #153
dreamcompiler wrote: post #108

I'm sure SBF and Elizabeth Holmes will be next.

Only 16% but rising fast. https://polymarket.com/event/sbf-released-from-custody-in-20...

This particular market is too illiquid to mean anything.

Right now, there is only about $500 in liquidity if you wanted to buy in at the 20% ask with a market order. After that the next sell limit order it as 96%.

Re: Trump pardons convicted Binance founder

#164

Post by toastgrave »

daveguy wrote: post #157

At this point, I wouldn't touch crypto with a 10 ft pole. What happens when everyone recognizes that the whole thing has turned into a money laundering grift? Who's going to give you anything for your bozo bucks? At this rate, it's not going to take long.

Hasn't that been apparent for years now though? It's a cool idea but really no real use that doesn't boil down to some sort of crime

Re: Trump pardons convicted Binance founder

#165

Post by TheBlight »

WheatMillington wrote: post #158

It's incredible that American corruption can happen out in the open like this. And this isn't a uniquely Trump phenomena. Political pardons are an amazing thing, and they have been used by presidents for a long time now with extremely little scrutiny and no possibility for repercussions. The executive being able to overrule the judiciary is an absolutely jaw-dropping American institution. So much for checks and balan…

There's an argument the prosecution was political. See: https://x.com/balajis/status/1981423831572238856

Re: Trump pardons convicted Binance founder

#166

Post by calmworm »

computerdork wrote: post #160
doener wrote: post #111

"President Trump has pardoned Changpeng Zhao, the convicted founder of the crypto exchange Binance, following months of efforts by Zhao to boost the Trump family’s own crypto company." You Americans elected a mobster as President.

Well, half us Americans did:) The other half is still in total disbelief

Closer to 20% of Americans did.

Re: Trump pardons convicted Binance founder

#168

Post by daveguy »

toastgrave wrote: post #164
daveguy wrote: post #157

At this point, I wouldn't touch crypto with a 10 ft pole. What happens when everyone recognizes that the whole thing has turned into a money laundering grift? Who's going to give you anything for your bozo bucks? At this rate, it's not going to take long.

Hasn't that been apparent for years now though? It's a cool idea but really no real use that doesn't boil down to some sort of crime

Yeah, I don't think the dominos will fall until the next flash crash when people realize it takes $100+ just to withdraw (because 7 transactions per second isn't many). As soon as confidence is lost, the reaction will be full blown tulip market. We just haven't seen the first bank run yet. And there is literally no backstop for a crypto bank run.
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