Trump Pardons Crypto Leader, Defends Innovation Against Biden
Submitted by MAGA
Posted 4 hours ago
Pardon
In a bold move underscoring his commitment to the cryptocurrency industry, President Donald Trump has granted a pardon to Changpeng Zhao, the founder of Binance, who previously faced serious charges related to money laundering.
The decision, announced by White House Press Secretary Karoline Leavitt, signals Trump’s intention to shield American innovation from what many see as an overreaching government crackdown, particularly from the Biden Administration.
Leavitt emphasized that Zhao was prosecuted not for actual fraud but for the perceived failure to comply with a complex web of regulations, which could stifle innovation in the burgeoning cryptocurrency market.
“President Trump exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency,” Leavitt stated.
Critics, including Sen. Elizabeth Warren, have labeled the pardon as a blatant example of “corruption,” but such accusations ring hollow to those who champion economic freedom and entrepreneurship.
Zhao's case has brought to light the conflicting approaches between the Trump administration, which seeks to promote technological advancement, and the current administration's regulatory instincts, often seen as detrimental to the evolving financial landscape.
In an era where digital currencies are gaining traction, Trump's pardon paves the way for a more favorable environment for crypto growth, positioning the United States as a potential leader in the global crypto economy.
Zhao himself expressed immense gratitude for the pardon and expressed his renewed commitment to enhancing America's leadership in the crypto space.
“Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice,” Zhao said, signaling his eagerness to contribute to America’s dominance in the cryptocurrency sector.
This development comes on the heels of Trump commuting the sentence of former Rep. George Santos, further emphasizing his administration's focus on fairness and justice, particularly in cases perceived as politically motivated.
As the Biden Administration continues its aggressive stance toward cryptocurrency, Trump’s actions serve as a powerful reminder of a different vision—one that embraces rather than hinders innovation and free enterprise.
In a world increasingly shaped by technology and digital assets, it’s clear that under Trump's leadership, America may once again reclaim its status as the global epicenter for innovation.
Sources:
cnbc.com
zerohedge.com
zerohedge.com
In a bold move underscoring his commitment to the cryptocurrency industry, President Donald Trump has granted a pardon to Changpeng Zhao, the founder of Binance, who previously faced serious charges related to money laundering.
The decision, announced by White House Press Secretary Karoline Leavitt, signals Trump’s intention to shield American innovation from what many see as an overreaching government crackdown, particularly from the Biden Administration.
Leavitt emphasized that Zhao was prosecuted not for actual fraud but for the perceived failure to comply with a complex web of regulations, which could stifle innovation in the burgeoning cryptocurrency market.
“President Trump exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency,” Leavitt stated.
Critics, including Sen. Elizabeth Warren, have labeled the pardon as a blatant example of “corruption,” but such accusations ring hollow to those who champion economic freedom and entrepreneurship.
Zhao's case has brought to light the conflicting approaches between the Trump administration, which seeks to promote technological advancement, and the current administration's regulatory instincts, often seen as detrimental to the evolving financial landscape.
In an era where digital currencies are gaining traction, Trump's pardon paves the way for a more favorable environment for crypto growth, positioning the United States as a potential leader in the global crypto economy.
Zhao himself expressed immense gratitude for the pardon and expressed his renewed commitment to enhancing America's leadership in the crypto space.
“Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice,” Zhao said, signaling his eagerness to contribute to America’s dominance in the cryptocurrency sector.
This development comes on the heels of Trump commuting the sentence of former Rep. George Santos, further emphasizing his administration's focus on fairness and justice, particularly in cases perceived as politically motivated.
As the Biden Administration continues its aggressive stance toward cryptocurrency, Trump’s actions serve as a powerful reminder of a different vision—one that embraces rather than hinders innovation and free enterprise.
In a world increasingly shaped by technology and digital assets, it’s clear that under Trump's leadership, America may once again reclaim its status as the global epicenter for innovation.
Sources:
cnbc.com
zerohedge.com
zerohedge.com
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