RedrickTheCoat
Gold Member
- Sep 13, 2025
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- #41
Violation as in legal violation?Okay....where is the violation?
It might well be illegal in the future (or at least heavily regulated), but it's not right now on a techincal basis. Probably because Crypto is so new.
The existence itself is not illegal, but it opens many different avenues for corruption and illegal activity. It's kind of like insider trading. Buying and selling stocks is legal, but it opens many avenues that people can use for illegal activity. And just to say, this form of crypto is way way worse than any insider trading. Way worse, I almost don't want to use insider trading as a comparison because it's so much worse. It's essentially a way for people, governments (foreign), whoever, to send large amounts of money directly to Trump, annonoymously. Ultimately, it's very clear that the President of the United States being affliated with a cryptocoin is a no-go.
And it's quite clearly already being used in corrupt ways. Trump pardons Changpeng Zhao recently. Trump, when asked about this pardon said he doesn't even know who he is (LOL). In March 2025, a big investor puts a $2 billion stake into Binance (a company, which Zhao owns), and they say they are going to do this in crypto. At this point, the kind of cyrpto is not announced, but you guessed it, they invest through the newly released stable-coin released by Trump..... Trump's stablecoin was chosen for the $2 billion Abu Dhabi investment in Binance. The only reason to do it this way, would be to help the owner of the stablecoin, World Liberty Financial Group (Trump's company). They will make an estimated 60-80 million off this per year. Insane stuff. Then after this, Trump pardons Zhao, and on top of this, the UAE gets access to a bunch of advanced A.I chips. Remember how Jimmy Carter basically gave up his farm to avoid conflicts of interest?
Opinion | Trump’s pardon of crypto king makes case for constitutional reform
A constitutional amendment first proposed after Watergate would address questionable pardons, writes guest columnist David Adler.
What Trump is doing with Crypto is not defendable.