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CZ was pardoned by Trump, and he thought his legal troubles with the U.S. were over. But just as he turned around, he became a focus of the Democrats’ investigation.



With the Democrats gaining ground in the midterm elections, Congress is likely to subject the pardon to stricter scrutiny. The Trump family’s business dealings with the crypto industry will be impossible to avoid.

Of course, being investigated does not mean the pardon will be overturned. But once the investigation gets underway, he will still have to bear the legal and public-opinion pressure.

What’s really worth considering is this: Was this simply a routine judicial pardon, or are there deeper ties between politics and capital behind it? Can one pardon really let CZ completely escape this political storm in the U.S.?
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Comment 7
MAMaze
CZ's EMA12/26/55 look set to converge again. I'm familiar with this kind of sideways trading; it's really hard to say which way it'll break out afterward.
Shanghai Brother MgCB2124Author
You're very professional—worth sharing
RugFieldReporter
This is getting more and more complicated. Author, how do you think it will ultimately end?
Shanghai Brother MgCB2124Author
Just keep suppressing crypto until we meet at the 4-handle and 5-handle, because there are still two years to go. Once we reach the bottom, both Democrats and Republicans will buy the dip, because people are greedy. By day, they’re partisans; by night, they’re on Team Money. Remember: crypto won’t fall. At the extreme of yin, it turns bullish; at the extreme of yang, it turns bearish! Study the I Ching more, and go against human nature
SentimentGauge
The emotional contagion from political events like this is hard to quantify, but if the Put/Call ratio suddenly spikes, it means the market is betting on tail risk. I usually tighten my stop-losses and reduce my position to a level I can sleep comfortably with.