Follow the money and the potential pardon: This reeks of an extremely corrupt plan to help the Trumps financially by upping the value of a crypto venture, USD1, that apparently was launched in March on the “Binance” exchange.
The Trump-controlled decentralized finance (DeFi) project World Liberty Financial(WLF) appeared to have launched a dollar-denominated stablecoin called USD1.
https://coingeek.com/trump-launching-stablecoin-etfs-modernizing-govt-payments/#On-March-24
Binance is the world’s largest crypto exchange and has had increasingly cozy relations with the Trumps and their ever-expanding list of crypto ventures. Binance has >250 million users!
Binance founder Changpeng ‘CZ’ Zhao remains a convicted felon who spent four months in a federal prison. That prison stay followed CZ’s guilty plea in the $4.3 billion settlement he and his company reached with federal authorities in November 2023.
The settlement came after Binance admitted violating the U.S. Bank Secrecy Act’s provisions for years, in the process becoming a go-to hub for money laundering, sanctions evasion and terrorist financing.
Binance wants American transaction monitors off its exchange, and the Trumps want to know how much Binance might pay for that privilege.
USD1 securing a favorable spot on Binance—the leading exchange in terms of trading volume—could allow USD1 to generate billions of dollars in revenue.
Last month, CZ denied a different Journal report that said he was seeking a pardon from Trump. However, CZ’s denial took its usual non-specific form, saying only that he hadn’t made any deal (yet), while musing that “no felon would mind a pardon.”
https://coingeek.com/binance-wants-transaction-monitors-gone-to-list-trump-usd1/
So, essentially the plan appears to be:
- Get Trump to stop US monitoring of Binance thus loosening oversight
- Get Trump to pardon Binance’s founder, CZ
- USD1 gets favorable spot on Binance, which would add billions to its value
Thanks very much, Larry!
I wouldn't be surprised if much of this is true and also if it wasn't.
For sure President Trump has pathological thinking that includes self serving/self enriching decisions..........to go with some great ideas.
1. Peace in Ukraine
2. Get rid of illegal immigrants that are gang members in our county.
3. Restore sanity and REAL science to the energy markets
There aren't enough hours in the day for me to investigate every story and accusation and this one would require many hours and end up being a waste of productive time.
If he is doing this, its nothing new for a president/vice president and nothing new for people here to bash them. During the last administration, the Rs passed on all sorts of stuff about Biden:
just another Biden crime family coincidence?
8 responses |
Started by mcfarm - Sept. 14, 2021, 7:05 p.m.
https://www.marketforum.com/forum/topic/74891/
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However, the Biden CRIME FAMILY was more than just a term. It described a reality!
Trouble ahead for Biden
20 responses |
Started by metmike - Jan. 13, 2023, 7:25 p.m.
https://www.marketforum.com/forum/topic/92170/
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By metmike - Jan. 15, 2023, 5:24 p.m.
At the same time, when Biden did something good, it was worth posting about!
Re: Kerry wants to push back hard on energy infrastructre.
By metmike - June 8, 2022, 12:09 p.m.
Just to remind you, I am NOT political. I'm an objective/open minded independent scientist that uses indisputable facts/data/evidence and science for discernment
Biden shines-incredible story!
25 responses |
Started by metmike - June 2, 2022, 6:52 p.m.
Now to what just happened with the Trump crypto coin, $TRUMP, which isn’t the same as the planned manipulation of the USD1 value that I started this thread about. This is just another Trump pump and dump manipulation plan. The Trump coin was $8-9 for 2.5 weeks through just before noon. Then due to this pump, it skyrocketed from $9.30 at 11:55 AM to way up at $14.70 at 12:35 PM, a 58% increase in just 40 minutes!! This is by far the worst manipulation of this coin’s value yet.
JUST IN: $TRUMP
Call it hype, call it alpha... or call it what it is: memetic market manipulation at its finest token pumps 75% after Announcing a private dinner with President Trump for the top 220 holders!
https://coinmarketcap.com/community/post/357583114/
This clearly should be investigated due to the obvious multi-billion $ aggregate manipulation, but what non-Trump controlled entity would be able to do it and also take punitive action? He knows that.
Trump companies supposedly own 800 million of these coins. Do the math. That’s a $4.3 billion increase in value within just 40 minutes for the coins Trump companies supposedly have!
How Trump team turned a dinner invite into a crypto boon worth millions
Buyers have poured tens of millions of dollars into President Donald Trump’s meme coin since his team advertised Wednesday that top purchasers could join Trump for an “intimate private dinner” next month, a Washington Post analysis found.
The holders of 27 crypto wallets have each acquired more than 100,000 $TRUMP coins, stakes worth about a million dollars each, since noon on Wednesday
The idea of offering direct presidential access to those who pay into a project benefiting the Trump company’s bottom line has sparked criticism over potential conflicts of interest. (You think?)
https://finance.yahoo.com/news/trump-team-turned-dinner-invite-225304157.html
Thanks, Larry!
YW, Mike.
Senator Jon Ossoff echoes what I said about how unbelievable it is that Trump is getting away with pumping up the value of his meme coin by selling dinners with him. I’m surprised at how little has been said as this seems to me to be one of the most, if not the most, corrupt thing Trump has done as Pres. See the image at the bottom to see what the coin’s value did as a result. Supposedly, the Trump companies own 800 million of these coins! Do the math: $4 billion of increased value just within that 40 minute period after he announced this!!
Sen. Jon Ossoff, D-Ga., on Friday signaled support for impeaching President Donald Trump, telling attendees at a town hall near Atlanta that the president’s conduct “has already exceeded any prior standard for impeachment.”
“I mean, I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” Ossoff said. “When the sitting president of the United States is selling access for what are effectively payments directly to him. There is no question that that rises to the level of an impeachable offense.”
https://www.yahoo.com/news/sen-jon-ossoff-signals-support-035856470.html
Thanks, Larry!
On the impeachment thing.
I agree that Trump SHOULD be impeached but my reason is for what he did with his galactically stupid tariffs scheme. Dumbest economic decision by a president that I know of, using global economics from the Twilight Zone principles.
That by itself is an indication of how dangerous and unqualified he is to be president.
However, the complete nonsense Ukraine phone call impeachment in his first term makes any attempts by the Ds to use impeachment now look bad for them.
They were off the charts political with that one and most non TDS Americans know it. They lost their credibility and have no chance to actually impeach here because they don't have the votes and everybody knows it
Impeachment attempts here will be seen(by many) as more virtue signaling political publicity stunts to the get attention from their base.
However, I'm not against impeachment of Donald Trump.
He really REALLY should have been impeached by both houses and removed from office permanently( can't run again) for what he did after losing the 2020 election, even BEFORE january 6, 2021.
After january 6th, he should have received time in prison.
Instead, look where he is. Insane but when his despicable opposition, the Ds, MSM and Justice Department were even WORSE, Americans options were to vote for either:
1. The really bad or
2. The even worse than that.
Donald Trump's first 100 days have been characterized by the most flagrant corruption imaginable. Today, I want to talk about 10 of the absolute worst examples.
#1 - The Memecoin Trump's memecoin is the most egregious, and most lucrative example of political corruption in modern history. In fees alone, Trump has seen hundreds of millions of dollars flow into his personal bank account including money from foreign interests looking to buy influence.
https://bsky.app/profile/schiff.senate.gov/post/3lnycbo36i22w
Now some Senate Reps are “concerned” about Trump using $TRUMP coin in clearly corrupt way:
Brennan Leach
Fri, May 2, 2025 at 1:29 PM EDT
5 min read
WASHINGTON — Some Senate Republicans are raising concernsabout an exclusive dinner and White House tour President Donald Trump is offering top investors in his $TRUMP meme token.
“This is my president that we’re talking about, but I am willing to say that this gives me pause,” said Sen. Cynthia Lummis, of Wyoming, who has been spearheading a legislative push on cryptocurrency regulation in the Senate.
The official website for Trump’s meme coin announced last week that the top 220 holders of the coin are invited to an “intimate private dinner” with the president at his golf club outside of Washington, D.C., later this month. The top 25 investors will also receive an invitation to a “VIP White House Tour” the following day, according to the website. The $TRUMP meme coin surged more than 50% after the dinner news broke, boosting its total market value to $2.7 billion.
Sen. Lisa Murkowski, R-Alaska, who often bucks her party, expressed uneasiness about the event…
“I don’t think it would be appropriate for me to charge people to come into the Capitol and take a tour,” Murkowski told NBC News on Thursday.
Trump’s move generated intense criticism from Senate Democrats. Sens. Elizabeth Warren, of Massachusetts, the top Democrat on the Senate Banking Committee, and Adam Schiff, of California, requested an ethics probe into the dinner.
Sen. Jon Ossoff, D-Ga., took the pushback a step further and signaled support for impeaching Trump over the meme coin dinner. Sen. Cory Booker, D-N.J., said that the meme coin sale is a “violation of the Constitution.”
https://www.yahoo.com/news/senate-republicans-raise-red-flags-172915293.html
Thanks much, Larry!
This seems to be extremely unethical even if its legal.
Reminds me of the previous man in office who, with his son actually broke laws with their selling of the "Biden Brand"
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Re: Re: Re: Congress getting rich from lobby bribes
By metmike - Sept. 7, 2023, 8:19 a.m.
Related to this.
Hunter Biden was making a career in the business described on the previous page as a LEGAL lobbyist in the U.S.
That was, until his VP dad became the point man for Ukraine corruption.
The 2 of them, saw a much more lucrative but dishonest way to get rich quick.
They came up with a plan for Hunter to go to Ukraine and apply his bribing skills on the corrupt Ukrainians using influence peddling schemes.
Hunter used his dad's influence (selling the Biden brand as Devon Archer testified to under oath) and constant interactions to bribe numerous corrupt entities in Ukraine and other countries. This resulted in the Bidens being paid 10s of millions of dollars that was laundered thru shell companies to make it extremely hard to track.
This is ILLEGAL. Money laundering and not paying taxes is ILLEGAL and that doesn't even speak to the tactics being used to generate the money.
At the very least, Hunter was acting as a foreign lobbyist, practicing illegally because he never registered as required.
Biden corruption/coverup 10+ times worse than Watergate
Started by metmike - June 9, 2023, 8 p.m.
https://www.marketforum.com/forum/topic/96097/
https://www.marketforum.com/forum/topic/96097/#96356
https://www.marketforum.com/forum/topic/96097/#96362
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I'm not making a case to impeach Joe right now. However, when corruption at the expense of the American people takes place, it needs to be exposed or else it serves to reward corruption and encourage MORE corruption.
This especially includes the DOJ's role which is the worst part. Them abusing their power to cover up the corruption.
If the law enforcement agencies are corrupt and enforcing laws based on picking and choosing who to prosecute and who to give a free pass to based on politics, it MUST BE exposed.
Not doing so is positive reinforcement for those corrupt entities to operate with impunity.