Binance's Teng Swears There's No Trump Connection? Yeah, Right.
The "Nothing to See Here" Tour
So, Binance CEO Richard Teng is out here denying that his company gave Trump's crypto venture any "preferential treatment." Give me a break. The guy's basically saying, "We just happened to use their stablecoin for a $2 billion deal, no biggie."
He claims MGX, Abu Dhabi's investment firm, decided to use USD1 for the transaction. Right. Like Binance had no say in the matter? It's like saying the bank teller isn't involved when a robber hands them a bag of cash.
And then he trots out the line that USD1 was already listed on other exchanges. Okay, sure, maybe it was kicking around on some fly-by-night operations you've never heard of. But Binance is the 800-pound gorilla in the room. Listing it there is like putting a "verified" checkmark on the whole damn thing.
He's "glad that both parties worked it out." Translation: "We made a boatload of money, and hopefully, you'll all forget about this in a week."
The Swamp is Still Swamping
Elizabeth Warren is calling it corruption. Shocker. She's been on the crypto industry's case for years. She says CZ (Changpeng Zhao) "boosted one of Donald Trump's crypto ventures and lobbied for a pardon." Then Trump "did his part." I mean, come on, it practically writes itself.
And let's not forget that DT Marks DEFI LLC, some Trump-affiliated entity, gets a "major share" of World Liberty Financial's revenue. They’re raking in hundreds of millions, maybe billions? All while claiming Trump isn't an "officer, director, founder, or employee." Suuuure.
Then there's Donald Trump Jr., who dismissed all the concerns about conflicts of interest. He was joined by World Liberty Financial's CEO, Zach Witkoff, son of some U.S. Special Envoy. Nepotism? What nepotism?
The New York Times reported that MGX's $2 billion USD1 purchase happened two weeks before the White House signed a major agreement with the U.A.E. on microchips. Coincidence? Maybe. But I ain't buying it.
It's all connected, man. The money, the power, the pardons... it's a big, greasy swamp, and they're all swimming in it.
Buenos Aires Gets in on the Act (Sort Of)
Oh, and while we're on the subject of Binance... they're also working with the Buenos Aires city government to "encourage sensible crypto adoption." Binance, Buenos Aires to Encourage Sensible Crypto Adoption—But What About Meme Coins? Sensible crypto adoption? What does that even mean?
Argentina's got massive inflation, so people are using stablecoins to try and stay afloat. Okay, that's understandable. But then you've got President Javier Milei shilling meme coins and getting hit with fraud complaints.
The whole thing is a mess. Binance wants to look like they're promoting "financial inclusion" and "user empowerment," but let's be real: they're just trying to get more people trading on their platform.
Will this campaign educate citizens about the dangers of crypto trading? I doubt it.
So, What's the Real Story?
This is just the same old song and dance. Binance denies any wrongdoing, politicians point fingers, and the average person gets screwed. I'm tired of the spin. I'm tired of the lies. And honestly, I'm starting to think the whole damn system is rigged.
