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Trump pardons convicted Binance founder

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341–350 of 1001 posts

Re: Trump pardons convicted Binance founder

#341

I cannot comprehend how half of Americans are fine with this corrupt leader? He even does this bizarre maffia like deals out in the open for his own interest, that's how confident he is no one will say anything The message is clear from his circus administration, you can do anything as long as you bribe them

Half of America isn’t fine with Trump. Only 22.3% of Americans voted for him and his approval rating has gone down significantly since then.

Re: Trump pardons convicted Binance founder

#342
post #233

The pardon power has been so abused these past few administrations that it's clear there should be constitutional changes in the pardon power, either congressional review, or strip it altogether.

https://en.wikipedia.org/wiki/Whataboutism

Sounds reasonable. This is ok for Trump to do because of Hunter Biden.

Re: Trump pardons convicted Binance founder

#344

Earlier quoted context omitted.

[flagged]

In many parts of Europe a couple of strikes would have taken place. Usans are numb or has no social conscience and muscle.

There was a No Kings protest just a few days ago, millions of people across nearly every state demonstrated against the administration.

Re: Trump pardons convicted Binance founder

#346
For the accurate context:

CZ was pardoned for a single charge of failure to have an effective compliance program. No fraud, no victims, no criminal history. No money laundering.

CZ is the first and only known first-time offender in U.S. history to receive a prison sentence for this single, non-fraud-related charge. The judge found no evidence that he knew of any illicit transactions and that it was reasonable for him to believe there were no illicit funds on the platform.

Trump is a very twisted person, and this makes the US look bad, but the underlying crime was "compliance."

Re: Trump pardons convicted Binance founder

#347

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.

You might want to go look at CDO's... or synthetic CDOs. In comparison, crypto looks like a rational product relative to that.

The bad idea was making bad loans, putting them in CDOs, and then using flawed models to certify them as risk free. That's irrational.

Dividing up the credit risk on a pool of loans so that some people lose money only if all the loans go bad is a very good idea. You just need to make sure they are good loans.

Re: Trump pardons convicted Binance founder

#349
post #300

Earlier quoted context omitted.

> around 36% sat at home or abstained, but in practicality they basically said they were fine with whoever won. Or, they were not fine with whoever won. We've got two abismal parties to choose from. Yes, there's an agument for voting for the lesser of two evils, but it's not a great one. I'd like to believe at least some of those 36% would vote for a decent candidate/party. But once you lose faith in the system, and…

By not voting, you are clearly saying you are fine with whoever wins. If you were not fine with whoever wins, you would have voted for someone, anyone else.

I also sat out one election here in CZ, but that does not mean that I was "fine with whoever wins". It was "I really cannot decide which of the two guys is worse and I need to survive either of them."

Fortunately the Czech president does not have that much power.

Re: Trump pardons convicted Binance founder

#350
post #200

Earlier quoted context omitted.

I consider SBF's crime way less serious given that the end result actually made money for "victims"* which was the intended goal from the start. However Binance guy knowingly commits money laundering and gets the pardon? * Those victims who did not wait through the full asset recovery process and sold their debt to "vulture investors" for pennies on the dollar.

So he intended to get caught and have his investments seized and go up in value while seized. Noble.

Not necessarily. I think the intention was to drive up the value of FTX assets by investing in companies and coins that increased said value of the FTX platform. The value of held FTT was dependent on the value of FTX.
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