""This man was treated really badly by the Biden administration. And he was given a jail term. He's highly respected. He's a very successful guy. They sent him to jail and they really set him up. That's my opinion. I was told about it. I said, "Eh, it may look bad if I do it. I have to do the right thing." I don't know the man at all. I don't think I ever met him. Maybe I did.""
""Well, here's the thing, I know nothing about it because I'm too busy doing the other... I can only tell you this. My sons are into it. I'm glad they are, because it's probably a great industry, crypto. I think it's good... I know nothing about the guy, other than I hear he was a victim of weaponization by government. When you say the government, you're talking about the Biden government.""
Strong backing for the cryptocurrency industry was emphasized, with concern that the United States must lead or risk ceding dominance to China, Japan, or others. Personal familiarity with Zhao was minimized, with uncertainty about ever meeting him and statements that Zhao was highly respected, successful, and treated badly by the Biden administration. Zhao was characterized as a victim of alleged government weaponization. The pardon of Zhao occurred after Binance facilitated a $2 billion stablecoin purchase, creating an appearance of pay-to-play. The Biden administration was broadly criticized and labeled corrupt in connection with prosecutions.
Read at Ars Technica
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