Molly White
@molly0xfff@hachyderm.io  ·  activity timestamp last week
The pardon has infuriated Congressional Democrats like House Financial Services Committee Ranking Member Maxine Waters:2 Trump is doing massive favors for crypto criminals who have helped line his pockets. Trump’s pardon of Binance founder Changpeng Zhao—who pleaded guilty to enabling money laundering and facilitating suspicious transactions with child abusers, drug dealers, and terrorists—is an appalling but unsurprising reflection of his presidency: one defined by corruption, self-interest, and loyalty to criminals over working-class American families. Let’s be clear about why this happened. CZ has spent months lobbying Trump and his family while funneling billions into Trump’s personal crypto company, World Liberty Financial. The pardon was the payoff and a blatant example of the kind of pay-to-play corruption that Trump and his Administration continue to engage in. Democratic Senators Warren and Schiff introduced a (mostly symbolic) Senate resolution to condemn the pardon, “calling for Congress to use its authority to stop this form of corruption.”3 Warren has specifically urged Congress to address corruption as part of its ongoing negotiations over crypto market structure legislation,4 and more crypto-friendly Democrats like Senator Gallego have begun to agree that Trump’s corruption needs to be addressed in the bill.5 While this is likely to be unpopular with Republicans, some in the GOP are beginning to show unease with Trump’s activities
The pardon has infuriated Congressional Democrats like House Financial Services Committee Ranking Member Maxine Waters:2 Trump is doing massive favors for crypto criminals who have helped line his pockets. Trump’s pardon of Binance founder Changpeng Zhao—who pleaded guilty to enabling money laundering and facilitating suspicious transactions with child abusers, drug dealers, and terrorists—is an appalling but unsurprising reflection of his presidency: one defined by corruption, self-interest, and loyalty to criminals over working-class American families. Let’s be clear about why this happened. CZ has spent months lobbying Trump and his family while funneling billions into Trump’s personal crypto company, World Liberty Financial. The pardon was the payoff and a blatant example of the kind of pay-to-play corruption that Trump and his Administration continue to engage in. Democratic Senators Warren and Schiff introduced a (mostly symbolic) Senate resolution to condemn the pardon, “calling for Congress to use its authority to stop this form of corruption.”3 Warren has specifically urged Congress to address corruption as part of its ongoing negotiations over crypto market structure legislation,4 and more crypto-friendly Democrats like Senator Gallego have begun to agree that Trump’s corruption needs to be addressed in the bill.5 While this is likely to be unpopular with Republicans, some in the GOP are beginning to show unease with Trump’s activities
The pardon has infuriated Congressional Democrats like House Financial Services Committee Ranking Member Maxine Waters:2 Trump is doing massive favors for crypto criminals who have helped line his pockets. Trump’s pardon of Binance founder Changpeng Zhao—who pleaded guilty to enabling money laundering and facilitating suspicious transactions with child abusers, drug dealers, and terrorists—is an appalling but unsurprising reflection of his presidency: one defined by corruption, self-interest, and loyalty to criminals over working-class American families. Let’s be clear about why this happened. CZ has spent months lobbying Trump and his family while funneling billions into Trump’s personal crypto company, World Liberty Financial. The pardon was the payoff and a blatant example of the kind of pay-to-play corruption that Trump and his Administration continue to engage in. Democratic Senators Warren and Schiff introduced a (mostly symbolic) Senate resolution to condemn the pardon, “calling for Congress to use its authority to stop this form of corruption.”3 Warren has specifically urged Congress to address corruption as part of its ongoing negotiations over crypto market structure legislation,4 and more crypto-friendly Democrats like Senator Gallego have begun to agree that Trump’s corruption needs to be addressed in the bill.5 While this is likely to be unpopular with Republicans, some in the GOP are beginning to show unease with Trump’s activities
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