by wyre | 2025-10-24 04:47:35+00:00
I had Claude reformat youtube's transcript of the video.

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# Trump's Pardon of CZ: A Timeline of Alleged Corruption

*Author's Note:* This situation represents what appears to be straight-up corruption that everyone should oppose, regardless of political affiliation. This isn't about politics—it's about the facts.

## Background: The Original Charges

*November 21, 2023* Binance and Changpeng Zhao (CZ) both plead guilty in a historic $4 billion plea deal. They admitted to lacking proper anti-money laundering controls and willfully looking the other way. The charges specifically involved allowing terrorists, cyber criminals, and child abusers to use their platform.

*April 30, 2024* CZ is officially sentenced to four months in prison.

## The Trump Connection Begins

Shortly after sentencing, Donald Trump wins the presidency and announces the launch of *World Liberty Financial*—his major crypto project. This will become crucial to understanding the alleged corruption.

## The Suspicious Timeline

### March 12, 2025: The MGX Investment A company called MGX invests $2 billion into Binance, specifically in cryptocurrency (the exact type wasn't announced initially).

### March 13, 2025: The Wall Street Journal Report The Wall Street Journal reports that Binance has been reaching out to Trump allies since the previous year to strike a business deal with the family as part of a plan to return to the US. Possibilities included: - The Trumps taking a stake in Binance - A deal through World Liberty Financial

### March 25, 2025: USD1 Stablecoin Launch World Liberty Financial announces a stablecoin called USD1.

*Why stablecoins matter:* They're incredibly profitable because they farm yield from treasury bills while people use them. The major players are USDT and USDC. However, it's extremely difficult to launch a new stablecoin—people don't trust or use new ones easily.

### May 1, 2025: The Key Revelation The $2 billion MGX investment into Binance was conducted entirely in *USD1* (Trump's stablecoin).

*Why this matters:* - There was no reason to use USD1 instead of other currencies - They could have used BNB (Binance's own coin), which would make more sense - The only reason to use USD1 is to benefit World Liberty Financial - Stablecoins are backed by treasuries, so holding $2 billion in USD1 generates *$60-80 million per year* in risk-free revenue for World Liberty Financial (from 3-4% treasury yields)

### A Few Days Later CZ announces he has applied for a Trump pardon. *Timing: right after announcing the deal was done in USD1.*

### June 2025 World Liberty Financial announces a partnership with PancakeSwap (associated with Binance) and a $1 million reward trading campaign to increase USD1 usage.

## The AI Chips Connection

### September 15, 2025: New York Times Investigation The New York Times reveals suspicious timing around the MGX investment:

1. MGX deposited $2 billion into World Liberty Financial 2. Two weeks later, the White House agreed to allow the UAE access to hundreds of thousands of advanced AI chips 3. Many chips would go to G42, controlled by the same sheikh connected to MGX

*Official response:* The deal was "totally unrelated to any government business." But MGX clearly benefited from one side of this arrangement.

## The Polymarket Betting

### October 11, 2025 A whale linked to suspicious insider trading activity on Hyperliquid was connected to a Polymarket account called "big winner 01." This account started betting that Trump would pardon CZ by the end of 2025—a seemingly wild bet with only a couple months left in the year.

## The Pardon

### October 23, 2025 Trump pardons convicted Binance founder CZ.

*White House response:* Press Secretary Caroline Levitt claimed Trump "exercised his constitutional authority" and that CZ was "prosecuted by the Biden administration and their war on cryptocurrency."

*The reality:* The charges had nothing to do with politics. They were about anti-money laundering violations and allowing money to flow to criminals. Binance's own chief compliance officer had internal chats noting they should probably not allow money to Iran, North Korea, Syria, Cuba, and Crimea.

The Wall Street Journal reported the pardon will likely pave the way for Binance to return to the US.

## The Bottom Line

The problem isn't just loosening crypto enforcement—it's making the president's family such obvious beneficiaries:

- Nearly all of USD1's success came from this inorganic $2 billion investment - The market cap spike for USD1 directly corresponds to the Binance deal - It's a clear pay-to-play scheme happening in plain sight

*The author's conclusion:* This appears to be blatant corruption where deals were made to profit from the pardon, regardless of one's political views.