{"id":1314,"date":"2025-10-24T15:09:10","date_gmt":"2025-10-24T15:09:10","guid":{"rendered":"https:\/\/globaltaalenthq.com\/?p=1314"},"modified":"2025-10-27T08:57:28","modified_gmt":"2025-10-27T08:57:28","slug":"trump-terribly-advised-on-crypto-billionaire-pardon-key-supporter","status":"publish","type":"post","link":"https:\/\/globaltaalenthq.com\/index.php\/2025\/10\/24\/trump-terribly-advised-on-crypto-billionaire-pardon-key-supporter\/","title":{"rendered":"Trump 'terribly advised' on crypto billionaire pardon: Key supporter"},"content":{"rendered":"

Venture capitalist Joe Lonsdale, a key supporter of President Trump, suggested Thursday that the president was \u201cterribly advised\u201d on his decision to pardon<\/a> Binance founder Changpeng Zhao.\u00a0<\/p>\n

\u201cI love President Trump; this is possibly the greatest admin of my lifetime \u2014 except for these pardons,\u201d Lonsdale wrote Thursday in a post on social platform X<\/a>, just hours after Trump issued Zhao clemency.<\/p>\n

\u201cIf I\u2019m calling balls and strikes, these are hit-by-pitches!! POTUS has been terribly advised on this; it makes it look like massive fraud is happening around him in this area,\u201d he added.<\/p>\n

Zhao pleaded guilty in 2023<\/a>\u00a0for failing to maintain an effective anti-money laundering program and ultimately served a four-month prison sentence<\/a>. Binance paid\u00a0$4.3 billion to settle various related charges with the Justice Department. \u00a0<\/p>\n

The White House, in announcing Zhao’s pardon, suggested he was \u201cprosecuted by the Biden Administration in their war on cryptocurrency.\u201d\u00a0<\/p>\n

The move immediately faced backlash from those who underscored Binance\u2019s recent dealings with World Liberty Financial<\/a>, the crypto venture launched last year by Trump and his sons. In May, the Emirati investment firm MGX invested $2 billion in Binance using the crypto firm’s new stablecoins.\u00a0<\/p>\n

Sens. Elizabeth Warren (D-Mass.) and Adam Schiff (D-Calif.) introduced a resolution<\/a> Friday to condemn Zhao\u2019s pardon, calling on Congress \u201cto use its authority to stop this form of corruption.\u201d\u00a0<\/p>\n

\u201cPresident Trump\u2019s pardon of Binance founder Changpeng Zhao is just the latest example of the president\u2019s use of the pardon power as a means of rewarding wealthy donors and allies, and enriching himself,\u201d Schiff said in a statement. \u201cThis latest abuse of power erodes public trust and makes a mockery of equal justice under the law.\u201d <\/p>\n

Several of Trump\u2019s other pardons have drawn scrutiny, including his recent decision<\/a> to commute the sentence<\/a> of former Rep.\u00a0George Santos\u00a0(R-N.Y.) last week. Santos was serving a seven-year prison sentence<\/a> for wire fraud and aggravated identity theft.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Venture capitalist Joe Lonsdale, a key supporter of President Trump, suggested Thursday that the president was \u201cterribly advised\u201d ...<\/p>","protected":false},"author":1,"featured_media":1316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/1314"}],"collection":[{"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/comments?post=1314"}],"version-history":[{"count":1,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/1314\/revisions"}],"predecessor-version":[{"id":1315,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/posts\/1314\/revisions\/1315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/media\/1316"}],"wp:attachment":[{"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/media?parent=1314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/categories?post=1314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globaltaalenthq.com\/index.php\/wp-json\/wp\/v2\/tags?post=1314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}