'No idea who he is', says Trump after pardoning crypto tycoon

131 pointsposted 16 hours ago
by jmsflknr
(bbc.com)

114 Comments

ehnto

14 hours ago

He should know though shouldn't he, as acting president of the US he should aim to learn and know these things as part of his service to the country.

Like when he's unaware of certain bills or important procedings, maybe he legitimately doesn't know, but he should. It's part of his job to know.

Of course the ignorance could be a lie, which is worse, but neither option is good. So in some ways it doesn't really matter, it's already a bad outcome.

ASalazarMX

3 hours ago

This could have been an honest mistake. Surely he'll revoke the pardon and let Changpeng Zhao face a regular trial, so there's no misunderstanding, right?

He always knew, it's shameful how politicians behave like spoiled children instead of well-adjusted adults in a position of great responsibility. Why does this kind of people keep rising to the top?

phito

13 hours ago

If you watch any video of politicians being confronted to something bad they did, they will almost always say "I don't know anything about it". It's a bad faith strategy but it works if they're never held accountable of anything.

Craighead

11 hours ago

Please stop doing: "They all do this it's normal"

No, they don't "all do this". No, it's not normal.

bulbar

10 hours ago

At least in Germany they do it when they have done something that's potentially illegal. You can't fuck up by saying you don't remember and nobody can prove otherwise.

Eddy_Viscosity2

9 hours ago

Oliver North had famously poor memory during the Iran-contra hearings. But it was amazingly effective at deflecting accountability, he still appears as a 'expert' on fox news to this day.

ASalazarMX

3 hours ago

Which is a joke, since there had to be a paper trail so his very unreliable memory wasn't the main evidence.

red-iron-pine

41 minutes ago

calling out lies only matters if there is accountability and punishment.

ollie north was also lying on behalf of the establishment who wanted to fund anti-communist partisans (the contras, a term only known to most millennials as a nintendo game)

phito

6 hours ago

Please stop telling me to stop saying things that I did not say. The word "all" is not even in my comment.

cosmicgadget

4 hours ago

"'Any' video of politicians being confronted"

The only difference between this statement and "all politicians do this" is the politicians who are not confronted about bad behavior. It's a pretty big overlap and sufficient to assert you are coming across as normalizing this behavior.

dns_snek

14 hours ago

Could be a lie? When are we going to stop pretending?

cosmicgadget

4 hours ago

Consider the possibility he ran only because the alternative was a conviction for the DC case or the documents case. And that he is only interested in enriching himself, paying back the Stephen Millers and Russell Voughts who got him back in office, and playing golf.

It doesn't make it better or worse, it just means the policies aren't his but the agenda of various puppetteers.

ceejayoz

6 hours ago

Honestly, I think both are plausible. I think they put things in front of him, and he signs it (and there's video footage of this; https://x.com/ArtCandee/status/1882531252735242622); all this stuff about Biden's autopen running the show is projection. I think they've given him the ballroom project to keep him occupied.

ndsipa_pomu

3 hours ago

> I think they've given him the ballroom project to keep him occupied.

Maybe they just want to see him playing in the asbestos dust

ceejayoz

3 hours ago

That's far too long-term a plan for someone of his age, unfortunately.

Gigachad

14 hours ago

Are we still pretending to take any of this seriously? Any criminal can just buy a pardon now.

krapp

12 hours ago

Any criminal could always buy a pardon.

I loathe Orange Man but the power to arbitrarily pardon any federal crimes for any reason is one of the powers of his office and Americans haven't ever seen fit to limit it. Trump is flagrantly corrupt and tries to flout the law at every turn, but he's also exposing the degree to which the American system has always just run on gentlemans' agreements and pinky swears.

_DeadFred_

2 hours ago

I prefer a world in which a governor can pardon someone on death row than one where they can't. It's on us to not put in politicians that will abuse that power.

cosmicgadget

4 hours ago

I mean it should be a pretty resilient system. He has to convince, theoretically, >50% of the United States that either he is not corrupt or that his corruption is preferable to the alternative.

(Yes the 50% is assumes full voter participation and no third party candidate, also it can be slightly less than this if you have an incomptent state and friendly Supreme Court.)

jimmydddd

7 hours ago

I agree. He's always constantly testing limits, exploring gray areas, bending rules and "breaking" gentlemen's agreements. We should take this opportunity to limit the rights of presidents. Apparently, the president can shut down half of the government departments via executive order. How? Because they were created by executive order. How can he just shut down the department of Education without congress? Because Carter created it by executive order without congress. A variety of presidents have had us invade foreign countries without Congress declaring war. Let's take this opportunity to tighten things up.

dragonwriter

3 minutes ago

> Apparently, the president can shut down half of the government departments via executive order. How? Because they were created by executive order.

Please list the departments and cite the executive orders creating each, because I think you will find that this is far less than half (and, unless you are using a non-standard definition of what constitutes a department in the US federal government, that the proportion is actually 0%.)

(A sibling commenter has demonstrated that the single example you provided is wrong, but its not just a poorly-chosen example.)

quickthrowman

20 minutes ago

> How can he just shut down the department of Education without congress? Because Carter created it by executive order without congress.

You are 100% incorrect.

> The Department of Education Organization Act is a United States federal law enacted in 1979, which created the Department of Education.

> In the Senate, 69 voted in favor and 22 voted against separating education from the Department of Health, Education, and Welfare.[3] In the House of Representatives, 215 voted in favor and 201 voted against.[4] President Carter signed the bill on October 17, 1979.[1]

> https://en.wikipedia.org/wiki/Department_of_Education_Organi...

chronci3830

14 hours ago

> Of course the ignorance could be a lie, which is worse, but neither option is good.

Why would it be worse?

If he knows, at least he has a plan, whether that plan is good or bad.

If he doesn’t know at all, then literally even more random shit can occur than what’s already happening.

ehnto

7 hours ago

Just worse in regards to intent, you're right that it's probably not indicative of how bad the outcomes are going to be.

Jyaif

13 hours ago

Mathematically speaking, random actions can't be worse than actively bad actions.

etiennebausson

13 hours ago

Persistently bad behavior can be anticipated and accounted for, random actions cannot. Importer have as much issue with the tariffs as they have with the unpredictability of those tariffs.

In theory, you try to limit the influence of a persistently bad actor, but it seems the U.S. didn't get the memo.

IAmBroom

7 hours ago

That is a bizarre claim. Mathematics doesn't even enter into it.

npteljes

8 hours ago

I don't see why this is newsworthy. The guy has a 26,000-word Wikipedia article just about his lies only. I don't see why every one of his insane utterances must dominate the front page of every English-speaking news site. His detractors, and his supporters all agree that this is the way he is. Did any trend change, compared to his past? If not, then let's move on.

thisisit

6 hours ago

The same reason China and human rights stories, which btw has more upvotes than this story, is newsworthy: https://news.ycombinator.com/item?id=45796907

Can we say that China and human rights abuse has a big word count Wikipedia page so lets move on?

States and head of states need to be held to higher standard.

npteljes

5 hours ago

>States and head of states need to be held to higher standard.

I agree completely. We don't see in the article what Xi has said about it though.

IAmBroom

8 hours ago

Because there exists a real, nonzero chance that this is the piece of evidence that will convince some of his followers to finally admit he is either insane, shockingly stupid, or incompetent due to dementia.

npteljes

4 hours ago

I would personally trade that hypothetical chance to not have to look at this piece of news, and especially for everyone else not having to look at it too. I think this would be a net positive for the short term, and I think that it wouldn't affect the long term either, so it's an overall good choice.

Main reason is that reality doesn't seem to concern the voter base of these people like Trump. If it did, we wouldn't be in this situation in the first place. And I'm not just meaning Trump here, but all the other populist leaders in the world as well.

I think if these kinds of articles were effective in that regard, we wouldn't be in this situation in the first place. So, if the goal is to change the minds of people for the better, instead of banging on about the trivial, we should be looking at how to communicate better. "Told you so" doesn't work.

mdhb

4 hours ago

There is literally a hide button right there if that’s your actual wish… somehow you clicked on the one to read the comments and then accidentally clicked on the button to reply multiple times to it.

npteljes

3 hours ago

You are very right. In fact, it worked me up so much that I haven't remembered that I can also flag the article, as the guidelines suggest.

mdhb

an hour ago

Which let’s be honest is what you wanted to do all along. This was never at any point about you personally wanting to not read something but about you making sure that nobody else could. Congratulations, you’re exactly the kind of person I had assumed you were.

npteljes

34 minutes ago

You're misreading my point. I'm not trying to stop this information, I'm criticizing the editorial choice of repeating this kind of story over and over: both for the BBC, and for HN. In its form, I think it doesn't do the readers any good, and as such, it's unwanted. On the BBC, for general mental health reasons, and on HN, because it doesn't foster curious discussion. We can bang on about Trump, and that is about it. Don't we have that everywhere else on the internet?

mdhb

3 minutes ago

I don’t think you have any rights whatsoever to tell other people what they are allowed to discuss. I understand if you personally want nothing to do with the conversation that’s your right and that’s what the hide button is for. You should use it if you genuinely feel that way but I am having a real hard time to take that claim at face value.

dandanua

7 hours ago

Is it newsworthy when cancer spreads from the liver to the brain in a patient? It is what cancer does, after all, and everyone knows that. So, why pay attention to it?

npteljes

5 hours ago

I bet that would attract the attention of the patient and their loved ones! But, patients are also sick of their own ailments too.

And I also bet that relentless cancer coverage would affect a cancer patient more negatively than positively.

zikduruqe

7 hours ago

Silence is compliance.

npteljes

5 hours ago

We can't pay attention to everything all the time, because that's a physical impossibility. So, there will be subdued, or even "silenced" topics. I propose that we tune our filters, by toning down Trump coverage, especially the minute documentation of his pathetic life. I think, just as an example, that one compilation would suffice for a week. General weekly activity, highlights and low blows, sorted by the most impactful on the top.

UncleMeat

7 hours ago

Failing to cover Trump's bad behavior because he has always been bad is how we get "both sides are the same" trash.

Pardons are also particularly newsworthy because the Trump DoJ is exploring whether Biden's pardons can be invalidated via the claim that he wasn't aware of what he was doing (the autopen conspiracy).

disqard

3 hours ago

> he wasn't aware of what he was doing

Every accusation is a confession. Exhibit #5871

> "No idea who he is"

rkomorn

7 hours ago

I think OP was talking about "newsworthy" in the HN sense.

I kind of agree, because it's quite likely to devolve into pot-stirring flame bait comment threads.

npteljes

5 hours ago

Thanks, I'm meaning it especially in the HN sense. I'd expect HN, and frankly, new sources as well, to focus on trends, larger pictures, context, education. Minutiae are entertaining, but distracting as well.

thrance

2 hours ago

I am yet to hear of a single republican even just acknowledging that Trump ever lied. They're that deep in the cult. So yes, I think it's still important to speak about these things publicly, even just as a litmus test, if not anything else.

measurablefunc

14 hours ago

It looks like there is some kind of honor among thieves contrary to the old saying.

dandanua

13 hours ago

No, it's calculus. Working together they can steal much much more.

apexalpha

7 hours ago

It's so obvious they're selling pardons. It's so corrupt.

johneth

11 hours ago

He either doesn't know who he is, in which case why is he pardoning him, or he does know who he is, in which case he's brazenly lying.

Or he's so dementia ridden that he did know who he was, but no longer, in which case why is he in office?

lovetox

10 hours ago

He says it in the video, because good people recommended it. I can very much believe that this is how it works.

mandeepj

25 minutes ago

> because good people recommended it.

So doesn’t that mean he should know him now?

arjie

14 hours ago

I think, in general, it's possible to get a view of how an Executive Order is signed by looking at the example of the H-1B $100k fee signing (which we now understand to be far more constrained than it first appeared). Here's a video https://x.com/WatcherGuru/status/1969157504211808579 where President Trump's "we need more workers" is contrasted with his aides' statements.

It would appear the these things are less an act of the President as a fully informed person making decisions and more of the final rubber stamp on something that staff that he's picked have decided on.

Given that, I wouldn't expect him to personally know what he is signing. If, as I suspect, these pardons are pay-to-play deals, it's someone else managing the operation under his guidance and he's just the guy with the pen so to speak.

sholain

14 hours ago

Trump's personal, newfound multi-billion dollar crypto fortune is hosted by Zhao.

I don't mean to be breaking any etiquette her by re-indicating this, but it's I think it's unreasonable to suggest that Trump could not know who this person is.

This is Trump's new 'personal banker' , who doesn't have to play be the constrained rules of $USD denominated financial regulations.

ukFxqnLa2sBSBf6

14 hours ago

You wouldn’t expect Trump specifically to know what he is signing or any competent President in the same situation?

lawn

14 hours ago

That was already clear from his last term, and he's much less lucid this time around.

comrade1234

13 hours ago

"Trump also discussed his support for cryptocurrencies and said that the US had to make sure it was a leader in the industry or risk China and its rivals gaining an advantage in the emerging technology."

China is anti-crypto and has no interest being a leader in it. It's very painful reading any sort of interview with trump.

czottmann

9 hours ago

Contradictions and a lack of shame (about anything) are not lapses, they're integral part of the authoritarian playbook.

To be clear, I'm not "Just saying" – I'm actually saying.

Eddy_Viscosity2

9 hours ago

Being openly hypocritical and doing the very things you criticize (and/or punish) others for doing is show of dominance. It's also a outcome of Wilhoit's law.

spiderfarmer

14 hours ago

I was discussing with some Dutch friends last night if we still considered the US a 'better' country than China.

The outcome of that discussion should worry Americans.

bluealienpie

14 hours ago

America has never been concerned about anything other than America. They literally couldn't care less that they have threaten to take over Canada... Potentially Greenland and Panama militarily.

actionfromafar

14 hours ago

That's just blatantly false. American power derives not only from raw power, but from alliances. It will be apparent, that it's really hard to get things done when your former allies start slowrolling all your requests.

Unless you mean it like, "countries have no friends", but that's not a very interesting observation.

jack_tripper

14 hours ago

Now THAT is blatantly false.

American power today stems from its power, military and fiscally (which is also backed militarily).

Most countries in the world today are allied to the US out of economic, trade and defense necessity and co-dependence, because all other alternatives are worse for them due to the immense asimetric power disparity.

This might shock you but most countries in the world don't like the US government and its policies, especially after their illegal invasion of Iraq and Afghanistan, but have no way to push back without negative repercussions to their economy, so they have to play along as allies whether they like it or not for their own good.

Feel free to down vote all you want, but I'm not revealing anything new or controversial here but it's the truth as all countries, kingdoms and empires throughout history have had alliances with others they didn't like, out of sheer necessity. Same how we in the liberal west have also been trading and having economic ties with the CCP, post-Crimean invasion Russia, Erdogan's Turkey and middle eastern countries that assassinate our journalists, as capitalism post-USSR collapse has prioritized monetary enrichment over fighting for upholding a western ideology.

actionfromafar

14 hours ago

Turns out, that the US has succeeded in making other alternatives better, by making itself less attractive.

Canada is making deals with China. That's an incredible own goal by the US.

mrsmrtss

13 hours ago

Also, Europe does not trust the US anymore. It's rather embarrassing and sad that what has become of this once great country.

jack_tripper

13 hours ago

Define "better". Currently no county, even China can't replace the US as a trading partner in terms of how much the US consumer base buys from us(the European export base I mean) and the kind of technology the US provides back in return. Until China's consumer purchasing power comes close, we're stuck with the US as our main pay piggy.

Plus, I don't think replacing the US with China, a dictatorship that's running slave labor camps, has no human rights or freedom of speech, no freedom of religion, etc, as the main world superpower, is the best idea.

So, how people can promote cozying up to the CCP as some sort of win just to stick it to Trump, is beyond me. It's as narrow minded as the people who were promoting Russian gas dependency as some sort of political victory, until it bit them in the ass and is now costing us through the nose. Why don't people learn from history that cutting your nose to spite your face is not a wise long term strategy?

As bad as Trump is he's only got 3 more years in power until next elections while the CCP is a forever evil pretending to be your friend playing the Embrace Extend Extinguish long game.

jcattle

13 hours ago

> As bad as Trump is he's only got 3 more years in power until next elections

And even in the "best case" scenario where trump does not win that next election, what are you left with then?

A new reality where potentially the office of the president has widely increased powers. Depending on what the supreme court says on wednesday the president will now be able to raise tarrifs at will, send the army into domestic cities at will, have the army kill foreign civil citizens we are not at war with at will and a massively expanded ICE agency which will be really hard to downsize for later administrations.

jack_tripper

13 hours ago

What are you on about? Trump isn't part of the next elections.

And everything you just said after that, China is 100x worse at those things. So this isn't the "US bad, China better partner" gotcha you were hoping to be.

jcattle

12 hours ago

If you remember the last time Trump lost an election there was a violent coup. I do not hold out any hope that there will be an orderly transfer of power.

Also, I wasn't comparing the US to anyone, I don't care what China is doing. I was just listing the direction that the US democracy is heading in under Trump. And that direction is a systemic extension of presidential powers that go largely unchecked. The Wednesday ruling of the Supreme Court will be a watershed moment in this case, if they will not check his overreach on tariffs, I doubt that they will check anything that Trump is doing.

jack_tripper

9 hours ago

>If you remember the last time Trump lost an election there was a violent coup

What did that coup accomplish for him? Last time I checked those people went to jail for a while and he was still not president till the next election.

> I do not hold out any hope that there will be an orderly transfer of power.

Kind of like how Antifa with the aid of blue city leadership has been burning down Teslas and assaulting Federal agents for a year now, just because Democrats lost the election and can't accept it?

You mean that kind of "peaceful" transfer of power?

Now, I believe two wrongs don't make a right, but clearly democrats aren't innocent angels in the politics game, but are using every dirty trick in in the book and outside the book to upset the election results while playing the victims.

mrsmrtss

9 hours ago

I think, you really should quit using X, Elon poisons your mind.

jcattle

9 hours ago

> Now, I believe two wrongs don't make a right, but clearly democrats aren't innocent angels in the politics game, but are using every dirty trick in in the book and outside the book to upset the election results while playing the victims.

This is exactly what I am talking about. Trump is right now shifting what is within a Presidents power. He is eroding the checks and balances which were set up to keep we the people in power, not a foreign government or a single person ruling in their own interest; We the People. And as you say, even if there is an orderly transfer of power, I do not see the state of the US democracy changing afterwards. You now have a position which is more powerful than ever, and a single person can do more than ever to bend the people to their will. Why consider other positions and opinions of your People, when you can just send the Army to silence them?

Doesn't matter if they wear a blue tie or a red tie.

jack_tripper

8 hours ago

>We the People.

And the majority of the voting American people have decided at the elections they want and support Trump's policies.

It doesn't get more democratic than that.

jcattle

7 hours ago

Ah come on. If you want to discuss let's discuss, but I would ask you to put at least some effort into your points.

> It doesn't get more democratic than that.

It does get more democratic than that: You vote for congress. You vote in your state, you vote in local county elections, etc.

If now historically your congress, your state, your county had certain powers which are now being taken by the President, I would argue that everything gets less democratic. Your vote and your voice matters less and less. I'm not arguing against Trump in particular here. I am arguing for democratic principles.

Maybe I am misreading your position, but it seems like you do not see democracy as changing in the US?

spiderfarmer

7 hours ago

What you see as cozying up to the CCP is irrelevant if people perceive the USA as being the same as China.

Trying to gain independence from the USA is sorely needed. Smaller countries have no choice but to play both sides.

The US consumer base is driven by debt, which is unsustainable. So it just makes sense strategically: https://impaxam.com/insights-and-news/blog/us-consumer-healt...

The US also doesn't have freedom of speech anymore. Daily attacks on the free press, wrongful arrests, censorship of government agencies, extortion of Universities. Also, ICE has disappeared activists who were legally in the US. It's becoming Trump's gestapo real quick.

Don't close your eyes to the harsh reality. The US has had mass incarceration on the same footing as slave labor camps for decades now. https://en.wikipedia.org/wiki/List_of_countries_by_incarcera...

There might be freedom of religion, for now. But there's no freedom from religion: https://www.peoplesworld.org/article/the-terrible-10-church-...

Nobody believes the current trend will end with Trump. The corruption, internal divisions, feelings of grandeur and bullying will not end with this regime. And there are a lot reasons to believe Trump will not cede power.

chronci3830

14 hours ago

> American power derives not only from raw power, but from alliances.

Alliances form out of fear.

Fear of being crushed by the US military.

The largest Air Force in the world? US Air Force.

Second largest Air Force? US navy.

VBprogrammer

14 hours ago

And yet you couldn't even capture and hold a shitty backwater like Afghanistan.

The last US military action widely regarded as a success was the first Gulf war but, I didn't know about you, but I like my successful military actions to come without a part II.

quickthrowman

14 minutes ago

Invading Afghanistan was a mistake from the beginning, google ‘Afghanistan relief map’ to see the reason it was a mistake.

Geography is the same reason Iran will never be invaded by a land army.

jonway

12 hours ago

Point taken here, but do come off it.

Afghanistan is extremely difficult to control and has been for thousands of years.

mdhb

4 hours ago

They had no navy, no army and no airforce to defend it. I think the criticism is entirely valid.

jonway

3 hours ago

It is if you look at a map and conclude the terrain is flat. It is a nightmare for any military. This is a funny chortle, I geddit, but if we're to take this at face value:

Alexander the Great's army was garbage. He managed barely by marrying a local noblewoman after a long and frustrating campaign. He had the benefit of not being on the opposite side of the planet. America had to fly over Iran to get there. Super easy.

The British were garbage. The first Anglo-Afghan war went .... poorly. They had the same experience as the US forces. The second Anglo-Afghan war went great! They defeated the Afghan army! A few months later they lost Kabul, their forces collapsed immediately, being slaughtered again by Afghanis. They reinvaded, failed, and retreated. They would have totally won if they had an air force.

The Soviet military was garbage. They struggled for a decade to prop up their own government there. (Sound familiar yet?)

There was a third Anglo-Afghan war. This time the British won handily. Just kidding, they failed yet again, like everyone else.

This is like me telling you: "If you're so smart, why aren't you a billionaire?" Well, that isn't how it works, is it?

ggm

13 hours ago

In the context of trade, you might get a different answer to in the context of arts, life and culture. If you get to stay in the NL and its only visible impacts in your economy of trade, that's entirely different to "where do I want to live"

spiderfarmer

7 hours ago

It's not about trade. We always have traded with the entire world, no matter the regimes, as long as they weren't outright hostile to us.

It's just that Americans act like they are the best country in the world, while they never top a single positive index. American life and culture are not attractive to Europeans and you have beautiful art all over the world.

serf

14 hours ago

'Americans worry about this one little thing, click here to find out.'

this negative-space begs-the-question story-telling that is popular lately feels weird.

"And you know what he said Tommy?"

If you want to tell us about public sentiment towards Americans then just do it -- don't pawn the social liability off on your Dutch friends.

But let me take a guess : they really liked us and were in-tune with social policies and hopeful for the future. ...Right?

jojobas

13 hours ago

Assuming your friends even considered China being in the same league in terms of good and evil, they don't seem to lend this a lot of thought.

spiderfarmer

12 hours ago

Does it matter if the whole world gives it as much thought as we did? Can you define 'perception' and why this should worry Americans?

And hey, I grew up in a culture that loved the USA. There are lots of countries where that's the opposite.

verisimi

14 hours ago

We all want to know the outcome! When will we get it?

Which country do those Dutch people think is the better one?

rob74

14 hours ago

I probably wouldn't consider China a "better" country than the US, but at least it's more consistent, and you can mostly rely on it not to cut off its nose to spite its face...

croon

11 hours ago

I think the point is that an actual discussion having to take place is enough to worry about.

fabian2k

14 hours ago

All of the possible explanations for this are bad and arguably disqualifying for the presidency:

- Trump is lying so that he doesn't have to explain a quid-pro-quo pardon

- Trump is dement and already forgot about the pardon

- Trump wasn't the one actually pardoning him and his administration just did it

The last one would be particularly ironic given the obsession with Joe Biden's Autopen.

csomar

14 hours ago

The dude is far from being behind Binance. He is behind many of the largest exchanges (ie: ByBit, Okx, Coinex, etc.). Maybe dozens (hundreds?) of them. If you used any of these exchanges, you'll notice they have roughly the same layout, front-end and probably back-end. They are all, also, run by Chinese. Some of them (like Coinex) require no KYC whatsoever and enable P2P trading.

Not that all of this matter, anyway, since trading now is moving to DEX where KYC is not really a thing. You still need to on/off-ramp crypto but it seems like the US is about to allow that no questions asked.

clort

14 hours ago

So, the guy is convicted of fraud - but fraud is business as usual for Trump, so it counts as a witch hunt.

Yizahi

12 hours ago

What a trash tier human he is. He is basically saying that he can do whatever to the reporters and no one can or want to do anything with him. He can take any any bribes, corrupt whole branches of government and it is business as usual. Pathetic really.

karlkloss

13 hours ago

From the person who claims that Biden is so senile, that he didn't even know what his autopen signed.

close04

14 hours ago

> Trump added that he did not recall meeting Zhao and had "no idea who he is", only that he had been told that the businessman was a victim of a "witch hunt" by the administration of former US president Joe Biden.

This sums up this administration quite well. Too often no idea what they're doing but doing it out of spite nonetheless.

rob74

14 hours ago

In other cases that might be true, but in this case, I seriously doubt that Trump really has no idea who the founder of the platform that is deeply involved in his cryptocurrency dealings is. So, either he's lying, or everyone (including his family) is doing everything behind his back. Or his dementia is worse than everyone thinks...

> On March 13th, it was reported that representatives of President Trump’s family were in talks to acquire a financial stake in Binance. Soon after, on March 25th, the Trump family’s cryptocurrency company, World Liberty Financial (WLF), announced that it would launch a new stablecoin, USD1, and the former Binance CEO posted on X welcoming them to its platform.

(https://www.banking.senate.gov/newsroom/minority/forwarding-...)

actionfromafar

14 hours ago

"How dare you!? That's just coincidence. Stop the witch hunt of our Leader Dear Trump!"

sholain

14 hours ago

The US President and his family's newfound crypto fortune, worth billions, managed by himself, his sons and 'Steve Witkoff' (his business partner who is 'negotiating' deals in the Middle East and Russia, and whereupon 100's of Millions of $ is coming unto World Liberty backed coins) is called 'World Liberty Financial' ...

... and is hosted by Binance which is the crypto platform owned by Zhao.

Zhao was found guilty of ignoring oversight regulations allowing nefarious actors (ISIS, Cartels, sex traffickers) to transact on his platform.

There's no way in high heaven that the President could be unaware of the fact that Zhao is the CEO who of the platform that hosts almost all of Trump's wealth.

Moreover, this man is convicted specifically for ignoring the lighter oversight regulations, with operations in parts of the world that are out of reach of US investigators and justice system.

mschuster91

14 hours ago

The usual dementia jokes aside... of all the things surrounding this administration, this is amongst the most harmless.

It may be a "presidential" power to pardon on paper, but the reality is that unless the President (or in other countries with powers of clemency to the head of state, whoever wields that power) intervenes personally for whatever reason, petitions for clemency pass through layers of bureaucracy, reviews and meetings. And sometimes, that also includes that candidates get inserted into the process by influential aides - something that has been the case for a lot of Presidents on either side of the aisle.

Of course, the issue gets a bit more spicy given Trump's derogatory nickname of "Autopen" Biden, but leaving that aside it's no surprise to me that a US President isn't involved in dealing with clemency petitions all that much.

cbsmith

14 hours ago

There are lots of layers on pardons before they get to Presidents, but Presidents have traditionally taken a hard look at pardons before providing them. There's been a couple of "mass pardons" where maybe you wouldn't expect them to know each person; otherwise, you'd expect it, if for not other reason than that they don't get caught flat footed like this.

mschuster91

13 hours ago

> if for not other reason than that they don't get caught flat footed like this

The Trump administration doesn't care any more if they get caught red handed. They don't need to. Most of the media has been bought off in Orban style and subsequently silenced (e.g. WaPo) or subjected to lawfare (see the recent broadcast TV scandals), and the hardcore voter base doesn't care about anything any more, as long as "their side" is perceived as "winning".

sholain

14 hours ago

To the contrary, this is possibly an extremely dangerous and corrupt action (I'm saying 'possible' here).

Zhao manages Binance upon which Trump's nefarious crypto operation - World Liberty Financial is hosted.

Zhao is guilty of wilfully ignoring a lot of very bad and illegal activity by all sorts of bad actors.

World Liberty Financial is receiving $100's of millions inbound, coincident with 'deals' made by US and Middle East actors etc..

WLF is co-managed by Steve Witkoff, the 'real estate magnate' who has been charged with Middle Easter nand Russia negotiations (who by the ay has absolutely no diplomatic background, historical context or understanding of this situations and is deeply unqualified) and who notably has been entering into negotiations and discussion with foreign parties without any US State Dept personnel. Sometimes not even translators.

Subsequent to those 'deals' with Qatar etc. which the Administration indicated there would be up to $1T invested in the US ... Qatar and other regimes have been flushing massive amounts of noney into WLF, hosted on Binance, overseen by Zhao.

The potentiality fore corruption is hard to overstate.

lloeki

14 hours ago

> of all the things surrounding this administration, this is amongst the most harmless

> this is possibly an extremely dangerous and corrupt action

Sadly it appears we live in that insane timeline where both sentences can be true.

actionfromafar

13 hours ago

I'm not sure we can differentiate like that. If WLF and Witkoff are corrupt, that means all the big "peace talks" are crypto shakedowns behind closed doors, and suddenly we are back at "Geopolitical Level Corrupt".

lloeki

12 hours ago

I mean, on a made-up scale of:

                                                    _ the "most harmless" thing this admin did
                                                   /
    +---------------------------------------------+-----+
     \_ 100% harmless                                    \_ 100% horrible
IOW that "most harmless" thing not being harmless at all is quite telling about _all the other things_ happening in that topmost bucket.

mschuster91

13 hours ago

> World Liberty Financial is receiving $100's of millions inbound, coincident with 'deals' made by US and Middle East actors etc..

The thing is, in the corruption surrounding the President, that's still small fish. $TRUMP alone was worth 13 billion dollars, $MELANIA was at 1.7 billion dollars. And that's just these two meme coins, not going into all the other shenanigans - he and his family are expected to have made 3 billion dollars since the election [1] in personal wealth gain.

[1] https://qz.com/donald-trump-net-worth-presidency-business-co...

sholain

13 hours ago

$TRUMP is managed by World Liberty. The money is coming into $TRUMP and WLF at the same time as Trump is announcing deals with those parties.

watwut

14 hours ago

Considering Trump getting rich of crypto grifting and Trump making sure crypto is as unregulated as possible, this particular pardon is perfectly consistent with Trump policies.