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Senator Durbin Criticizes Trump's Binance Founder Pardon Amid Allegations of Corruption

Forbes Breaking NewsDecember 7, 20256 min4,084 views
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Allegations of Corruption in Pardons

  • πŸ›οΈ Senator Dick Durbin criticizes President Trump for allegedly using federal law enforcement as a shield for allies and an attack on opponents.
  • πŸ’Έ A key example cited is Trump's pardon of Binance founder Shangpan Xiao, who pleaded guilty to money laundering.
  • πŸ”— Durbin alleges a connection between the pardon and Binance hosting the Trump family's crypto platform, World Liberty Financial, through which they reportedly made over $5 billion.
  • πŸ’° Binance's acceptance of a $2 billion investment in a World Liberty token during Xiao's pardon process is highlighted as a significant financial transaction.
  • πŸ“° The National Review is quoted calling the pardon "stunning in its shamelessness, recklessness, and moral inversion."

Trump's Response and January 6 Pardons

  • πŸ€·β€β™‚οΈ When asked about the pardon, Trump stated he knew "nothing about it," claiming his sons were involved in the crypto industry.
  • πŸ“£ Durbin contrasts this with Republican outrage over President Biden's actions, questioning their silence on Trump's pardon of a "cryptocriminal."
  • πŸ‡ΊπŸ‡Έ The pardon of nearly 1,600 January 6 rioters, including those who assaulted law enforcement, is presented as another example of Trump's alleged "weaponization of justice."
  • 🚫 Durbin points to the Justice Department's purge of career prosecutors and FBI agents involved in the January 6 investigation.

Justice Department Actions and Taxpayer Funds

  • βš–οΈ The hiring of January 6 rioter Jared Weiss, who allegedly urged violence against police, as a senior DOJ official is criticized.
  • πŸ’° Trump's request for $230 million in taxpayer money from the Justice Department, despite efforts to interfere in the 2020 election, is questioned.
  • πŸ“ˆ Durbin contrasts this with the American public's struggles with inflation and rising health insurance costs.

Operation Midway Blitz and ICE Conduct

  • 🚨 Federal law enforcement actions, such as Operation Midway Blitz in Chicago, are scrutinized.
  • 🏫 A raid on a preschool to arrest a teacher, causing terror among young children, is described as an example of disregard for civilian safety.
  • πŸ“„ The teacher in question reportedly had work authorization and had undergone a background check.
  • βš–οΈ Federal agents are accused of trampling constitutional rights, racial profiling, arresting US citizens, traumatizing children, and teargassing journalists and pastors.

Calls for Oversight and Testimony

  • πŸ” Durbin emphasizes the Senate Judiciary Committee's obligation to conduct oversight.
  • πŸ—£οΈ He calls for subpoenaing Jack Smith to testify under oath regarding the release of documents and senators' involvement.
  • 🎀 Durbin also calls for DHS Secretary Gnome to testify under oath before the committee.
  • 🚫 He states he has never witnessed such a high level of obstruction from an administration in his 20+ years on the committee.
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What’s Discussed

Donald TrumpBinanceShangpan XiaoPardonsCorruptionSelf-DealingCrypto ExchangeMoney LaunderingWorld Liberty FinancialJanuary 6 RiotersWeaponization of JusticeDepartment of JusticeICEOperation Midway BlitzSenate Judiciary Committee
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