CZ deserves his pardon.
His show trial of a prosecution was a combination of regulatory railroading and ethnic persecution for being Chinese-Canadian.
Imagine if Macron was held personally responsible for every crime committed by the 67M citizens of France, and you'll get the absurdity of holding CZ personally responsible for the actions of a few of the 250M+ Binance users.
Indeed, if the bureaucrats who went after CZ were similarly held accountable for every violent crime committed in their home states, they'd be in prison for eternity! But there was an insane double standard. In the physical world, the Biden admin gleefully abolished the police. Meanwhile, in the digital world they demanded that CEOs achieve impossible levels of probity.
The ethnic dimension to CZ's persecution was similarly execrable. In reality, he helped many millions of Chinese people get into Bitcoin and thereby get to freedom. And also helped millions of poor people from around the globe get out of failed currencies, and into cryptocurrency.
So he did more for practical human rights and civil liberties than most. CZ did nothing wrong, and did so many things right.
Of course, my friends at Coinbase and I were competitors of Binance. But I always respected CZ, and I congratulate him on his accomplishments, and I congratulate him on his pardon today. Well deserved.
Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice.
🙏🙏🙏🙏
Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide.
(Still in flight, more posts to come.)
Onwards. 💪