Newsom launches site accusing Trump of ‘crypto corruption,’ spotlighting pardons for CZ, Ross Ulbricht and BitMEX co‑founders — Binance mulls U.S. return, CZ may reduce stake

first published 2025-12-17T14:54:26Z

California Governor Gavin Newsom launched a website tracking what he calls President Trump’s “criminal cronies,” highlighting Trump pardons for several crypto figures — including Binance founder Changpeng Zhao, Silk Road creator Ross Ulbricht, and BitMEX co‑founders Arthur Hayes, Benjamin Delo, Gregory Dwyer and Samuel Reed. The site accuses Trump of “crypto corruption,” cites alleged ties between the Trump family and crypto ventures (claiming at least $800M in crypto gains), criticizes Zhao’s “full and unconditional” pardon after a money‑laundering plea, and flags potential further pardons and controversy around a new stablecoin integration with Binance.

AI Analysis

The story documents high‑profile pardons (CZ, Ross Ulbricht, BitMEX co‑founders) and alleges $800M in Trump‑crypto ties while flagging stablecoin/Binance connections; those facts increase political and regulatory scrutiny on crypto, producing a negative market signal. Impact rated moderate‑low because the piece is political/accusatory rather than announcing new enforcement or market action.

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