Trump is relying on the former CEO to strike arguments that do not protect against allegations of interest
Commodity Future Fussing Commission Commission Sourious Caroline PHAM equips the ‘Crypto Sprint’ program, how the law can strengthen US leadership in digital assets and the impact of the President’s trade market.
The dominant narrative surrounding President Trump’s removal of Binance Founder Changepeng Zhao (“CZ”) is one word: corruption. You can see it in the talking points:
- REP. Maxne Waters: “Amnesty … A Bad Example of Paid Corruption.”
- Tommy Viet: “Crypto’s Crypto company made a multi-billion dollar deal in partnership with Minance, so Trump gave the founder a pardon.”
- Sen. Ruben Garlego: “Deception on full display.”
From those threads, you would think that minance and CZ have a working business relationship with trumpets. They don’t. That claim is disallowed. There are no receipts because there is no money to show.
What really happened – and why people are confused
Earlier this year, Minance announced an investment of $ 2 billion from MGX – a remarkable agreement and investment in the first-ever ENERGY RESEARCH CENTERS. I discussed it with CEO Richard Teng at the DC Blockchain conference in March.
Where the plot twists: MGX investment is funded in USD1, a stablecoin issued by World Liberty Final, Inc. Public Reporting shows that the Trump family holds a small stake in DT Marks Deci LLC. USD1 is multichain, sending to BNB chain and Ember.
That is not correct
Paying in USD1 does not create a business relationship between minance / CZ and the Trump family.
A token running on the BNB Chain does not imply a commercial relationship with minance; BNB Chain is an open blockchain that anyone can build on.
End of “Receipt” here: DT Marks Defi LLC → Small interest in WLF → WLF Issues USD1 → Usd1 is in BNB Chain / Emeremus → MGX used USD1 in BNB deal.
That price of facts does not erase the trump-binance / cz interaction, nor does it indicate that the apology was Quid-Pro-Quo. It shows the use of public stablecoin instruments, not a private business arrangement. By that logic, buying balloons with US dollars would make you a business partner of the US government – or Kentucky. If anyone has solid proof of a Direct Trump-CZ / CZ / Minance Business Business Deal, present it. Until then, this history story is dressed as certainty.
Trump previously pardoned the CEO of the CEO
Changpeng Zhao, CEO of Celta, Malta’s official Blockchain and Digital Blockchain event to promote cryptocurrency, St Julian 4, October 2018. Reuters / Darrin Zammit Lupi (Reuters / Darrin Zammit Lupi / Reuters Photos)
The case against CZ was exactly what it was – and it wasn’t
The record shows:
CZ has provided a non-disclosure act (BSA)
The court record does not rule out that CZ created the transaction improperly.
Compared to how the big banks were treated for the biggest AML failure (billions of millions in fines, no maximum prison sentence, maximum prison sentence), the highest result here was more than the apparent failure of the Standalone BSA program.
Binance exchange website on Laptop computer organized in Dobbs Ferry, New York, US, Saturday Janet Janet Yellen says at (Getty Images/Gentty)
You can’t remember crypto, cz, or pardon. But let’s argue with the record we actually have, not the one aspiring to.
Live crypto prices: here
Why is the “illusion frame” so convenient
The “fake” accusation performs two political functions at the same time: it attacks the opponent and supports the anti-crypto narrative. It is useful if your goal is to sign a Crypto policy – as the conference is finally close to the rules of market formation. America should demand legal, transparent, competitive crypto markets to exist here, not overseas. That requires rules, not innuendo.
Let’s get to the real debate
Take the policy forward. If the US wants to be the crypto capital of the world and prevent American retail investors, we need clear, consistent ways for crypto companies to operate here – including strict supervision.
This forgiveness requires a different outcome. CZ is the developer that helped create the world’s largest crypto exchange and, over the years, has been treated as a political proxy in the broader fight over digital assets.
We need law, not law. And we have to stop pretending that using an open blockchain creates a secret partnership – no more paying money coded in dollars for a client of the US Treasury.
Blackrock’s bragging rights are ETFs that grow very quickly
Approach to leadership: law, not narrative; Accountability, not guilt by association. Laws. To clarify. Competition. And an open door to the best builders in the world.
Perianne Boring is an american crypto lawyer, investor and founder. He is the founder and chairman of Cigital Chamber, the oldest and largest Blockchain organization. the partner removes the capital of the chain; and the biggest document producer God bless Bitcoin.
