
President Donald Trump has issued a pardon to Changpeng Zhao, widely known as CZ, thereby continuing a pattern of leniency towards notable cryptocurrency figures, which raises serious ethical concerns.
Trump’s action is part of a broader trend where he has promised to reform his administration’s approach towards cryptocurrency and issue pardons for individuals like Ross Ulbricht, the founder of Silk Road, who was convicted for his involvement in such operations.
The list of pardoned individuals is growing and includes four BitMEX executives who faced legal challenges related to banking laws. Additionally, there’s a sense of urgency among other cryptocurrency leaders currently serving sentences to appeal for similar clemency.
Concerns are escalating among observers regarding potential corruption as the administration grants pardons to individuals connected to Trump’s political and financial circles. This contrasts sharply with previous administrations which focused on low-level offenses, as exemplified by Barack Obama’s pardon record.
Trump’s leniency towards high-profile figures, particularly those linked to his interests, raises troubling questions about the implications of his decisions for American justice and regulatory frameworks.
