In the manner of a most vexing country ball, Connecticut Senator Chris Murphy has taken to X to accuse Binance.US of “promoting Trump crypto” with the launch of USD1, a stablecoin entwined with the illustrious World Liberty Financial-just one week after President Trump pardoned CZ, that most controversial of Binance CEOs. One might wonder if this is mere coincidence or a most shrewd stratagem. 🤔
The pardon of Mr. Zhao, bestowed upon him on the 23rd of October, has stirred quite the tempest in Congress and the crypto realm. Though CZ himself hinted at seeking clemency in May, many have whispered (and some shouted) that the pardon might be motivated by pecuniary interests, particularly with an Abu Dhabi-based firm investing $2 billion in Binance via USD1. One might call it “mutual admiration,” though the tone is less Pride and Prejudice and more Scandal in Belgravia. 🕊️
Though Binance and Binance.US share a name, they are as distinct as night and day-one might say the former is the rakes and the latter the reformed parsons. CryptoMoon, ever the eager gossip-monger, attempted to procure statements from both parties but received naught but silence. A most discouraging turn. 🤐
Ongoing Scrutiny into CZ’s Pardon
Lawmakers, ever vigilant against the seductive wiles of power, have penned letters to the Justice Department and muttered sharp retorts in the Senate. Seven senators, in a letter most pointed, declared the pardon “a signal to cryptocurrency executives… that they may commit crimes with the utmost impunity.” A sentiment as unflattering as a wet hanky at a ball. 🎩
Representative Ro Khanna of California, a man of unyielding principles (or perhaps a most theatrical flair), announced his intention to ban all cryptocurrency trading for presidents, their families, and Congress. “Blatant corruption at the White House,” he declared, as if the halls of power were not already rife with such scandals. One might suggest he pen a novel; it would surely rival Mansfield Park in its drama. 📖
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2025-10-30 21:50