Valuetainment - May 14, 2026


"They Wanted To Protect SBF" - The $100M Democrat Payoff That Protected SBF & DESTROYED CZ


Episode Stats


Length

9 minutes

Words per minute

193.97363

Word count

1,751

Sentence count

120


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 To get the context of dates right, so when do you go away?
00:00:03.620 When do you get the pardon?
00:00:05.500 So I arrived in the U.S. November 21st, 2023,
00:00:11.440 and then I was supposed to be sentenced going through the court.
00:00:14.620 I was sentenced on April 30th, 2024.
00:00:18.660 I went to, I think I self-surrendered to prison on May 30th, 2024.
00:00:25.280 I got out of prison on September 27th, 2024,
00:00:30.000 So, I did four months there.
00:00:32.220 And then I think in October 21st, 2025, I got the presidential pardon.
00:00:38.820 So, yeah.
00:00:39.480 So, a year later.
00:00:40.420 A year later.
00:00:41.280 But what is the big deal about getting a pardon, though, a year later?
00:00:44.040 Like, what does it do?
00:00:44.800 What benefit?
00:00:45.540 You're not a U.S. citizen.
00:00:46.640 You don't live here.
00:00:47.960 Who cares about getting a pardon?
00:00:49.260 Why was that such a big deal?
00:00:50.360 It's a big deal.
00:00:51.120 It's a big deal.
00:00:52.260 Without a pardon, I'm labeled as a felon.
00:00:54.760 So, I have a criminal record, right?
00:00:56.340 And then, especially in my industry, where we deal with finances,
00:01:00.280 we have to get financial licenses,
00:01:02.100 my ability to what they call the fit and proper as a UBO,
00:01:05.700 ultimate beneficiary owner, is significantly impacted.
00:01:09.780 That means I cannot be a shareholder of many of our businesses.
00:01:14.240 Or we will limit our ability to get licenses.
00:01:17.180 This is not just in the U.S.
00:01:18.220 This is global.
00:01:19.980 And in the U.S. even more.
00:01:21.880 After the pardon, this goes away.
00:01:24.660 It's a full, unconditional pardon.
00:01:27.220 And yeah, so the pardon is the big deal.
00:01:30.780 With a pardon, we don't get the fines back,
00:01:33.760 but still it's a big deal that we get our name cleared.
00:01:37.200 Got it.
00:01:37.680 So it helps you out for licensing
00:01:39.840 and the way U.S. qualifies you,
00:01:43.160 the rest of the world will pay attention to it.
00:01:44.880 So it kind of opens the market up for you
00:01:46.500 that if you choose to get back into business, you can.
00:01:49.020 Yes, yes.
00:01:50.580 Okay, but you have to step down as the CEO of Binance.
00:01:54.660 Yes, when I step, yes, that's true.
00:01:58.700 What can you do?
00:02:00.000 What can you not do with Binance?
00:02:02.180 I actually have a legal opinion from my lawyers,
00:02:04.740 but basically, largely, my shareholder rights are intact.
00:02:09.400 But now, given the pardon, I believe I have a lot more freedom.
00:02:12.900 But I still don't run Binance.
00:02:16.880 And also, the company still have two monitors on them, etc.
00:02:21.880 So there's still some limitations.
00:02:23.680 But largely, nowadays, I actually don't really want to run Binance either.
00:02:30.340 After getting the pardon, could you now go back and be the CEO of Binance, or you couldn't do it legally?
00:02:37.480 I think there's still some restrictions around that.
00:02:39.660 Is it permanent, or is there a time on it?
00:02:43.080 I actually need to check with the lawyers.
00:02:46.700 Nothing is really permanent, in my opinion.
00:02:49.720 But I believe that there's still some restrictions today.
00:02:53.260 So in five years, would it be an impossible thing that we get news that says CZ makes a comeback and he's the CEO of Binance?
00:03:03.020 Is there a possibility that that could happen?
00:03:05.340 A very small possibility.
00:03:07.180 You don't have the itch to come back at all.
00:03:09.100 Even if I could, Binance has very strong leaders now.
00:03:12.400 They run the company much better than if I were to go back.
00:03:16.500 I view myself as more of a zero to one kind of guy, where from like one to a hundred, there are other people who are…
00:03:22.220 To say that, that's not easy to say.
00:03:23.660 Most people don't have the – that's why you're not an ego guy, though.
00:03:26.940 For you to be able to say that, the average guy can't say something like that.
00:03:29.760 I'm not a ego guy.
00:03:30.540 I'm a normal guy.
00:03:31.580 Like, I'm not – yeah.
00:03:32.460 You're not a normal guy.
00:03:33.480 But, you know, to say, you know, zero to one, you know, and you're not a 1-200.
00:03:38.080 Very few founders can say that.
00:03:41.220 I think it's my personality, right?
00:03:42.840 I like to create things, whereas running things, you know, you have to be structured.
00:03:46.120 You have a lot of – you know, there's a lot of structure, a lot of bureaucracy.
00:03:49.500 when i see like you know even even sometimes i hear about what's happening in binance and i
00:03:55.460 there's a bureaucracy that drive me nuts yeah yeah i can i can only imagine that but it's
00:04:00.940 probably got to be also a little bit uh relieved to not have to make any decisions you're free
00:04:07.120 they have to do it you're free you're doing your own thing and you know they're gonna have to run
00:04:11.960 the company and you still are majority shareholders so if the company goes to half a trillion
00:04:16.140 you're going to be benefiting from it.
00:04:18.160 So that's a good place to be.
00:04:19.500 So, okay.
00:04:20.360 So this happens.
00:04:22.020 You're off.
00:04:22.400 By the way, did you ever meet with the president?
00:04:24.200 Have you and the president ever met or no?
00:04:25.700 No.
00:04:26.940 I saw him in person in Davos where he was on stage
00:04:29.800 and I was in the audience.
00:04:31.000 We didn't say hi.
00:04:32.420 I didn't get it.
00:04:32.960 When year was this?
00:04:33.700 This is last year.
00:04:35.360 This is Davos last year.
00:04:36.180 Oh, this is Davos last year.
00:04:37.160 Yeah, yeah.
00:04:37.800 This year, actually.
00:04:38.700 It was in January, right?
00:04:39.560 This is the one where Newsom was standing on the side
00:04:41.480 and didn't let him give one of the talks.
00:04:43.100 Yes.
00:04:43.280 The controversy there.
00:04:44.480 Yes.
00:04:44.700 Did you see Newsom?
00:04:46.140 No, I didn't see Newsom.
00:04:47.500 Did any of the Democratic guys approach you and recognize you?
00:04:50.860 Did they come up to you?
00:04:52.020 No, at least they didn't come and talk to me.
00:04:55.180 I was only there for one day.
00:04:56.560 I was only there for like, no.
00:04:57.740 Did you speak or was it just a networking dinner conversations?
00:05:01.020 I was there for a dinner and I spoke on stage.
00:05:03.420 I was on a panel and then I had the Andrew Sorkins interview with CNBC.
00:05:09.080 So I did those three things.
00:05:10.580 I flew out.
00:05:11.660 Is this it?
00:05:12.260 this is a free man,
00:05:14.060 by an answer on the two,
00:05:14.800 no,
00:05:14.940 he was a,
00:05:15.420 yeah,
00:05:15.580 yeah,
00:05:15.820 yeah.
00:05:16.060 So it was,
00:05:16.500 this was outside.
00:05:17.600 So the sun,
00:05:18.120 the sun,
00:05:18.900 like my glasses look good on you,
00:05:20.500 buddy.
00:05:20.720 I got to tell you that you look good with those glasses.
00:05:22.640 It's the same glasses.
00:05:23.420 Is it except that one?
00:05:24.600 It's the same.
00:05:25.400 In the sun,
00:05:26.080 it turns darker.
00:05:26.700 Okay.
00:05:27.040 Well,
00:05:27.200 the dark look is a good look.
00:05:29.320 You got a,
00:05:29.860 you got a James Bond,
00:05:30.780 uh,
00:05:31.000 looking,
00:05:31.440 uh,
00:05:31.840 you know,
00:05:32.200 look going on there for you.
00:05:33.340 But by the way,
00:05:33.900 you want to play that Merrick Garland clip.
00:05:35.300 I just love the way he says it.
00:05:36.980 Like he is celebrating your fall,
00:05:42.260 finance has agreed to plead guilty to willfully violating the bank secrecy act knowingly failing
00:05:48.540 to register as a money transmitting business go to the part about the biggest fine the international
00:05:54.000 it was a seven second clip by this later billions of dollars no i wanted to get to the clip okay you
00:05:59.800 don't have the clip it's okay we don't have to show it so he's not a very much liked guy he did
00:06:05.160 a lot of weird things when he had power and he was one of those guys that wanted to use his power
00:06:10.540 to take down different guys.
00:06:13.100 And if you weren't willing to help them out
00:06:14.620 and you took their biggest stoner,
00:06:15.780 I wouldn't be surprised if he got a call from somebody
00:06:17.900 to say, let's target CZ.
00:06:19.300 Not saying the stuff that you guys did,
00:06:21.720 you know, probably didn't break a couple laws
00:06:25.720 that we have because of the transfers
00:06:27.620 that was taking place.
00:06:28.700 But still, you could tell they were interested
00:06:31.300 in targeting a guy like you.
00:06:32.900 Till the last minute, they wanted to protect SPF.
00:06:36.740 Sorry?
00:06:37.380 You were going to say something.
00:06:38.280 Yeah, no.
00:06:39.020 They even attacked President Trump.
00:06:40.540 right president trump got charges criminal charges for bringing a document to his bathroom
00:06:45.460 yeah no they tried it they try to they try to destroy uh the the president and and the good
00:06:54.100 thing about the market is like you said the constitution it's interesting for you to say
00:06:57.600 how powerful the constitution is to go from there to where it's at today relationship with trump is
00:07:02.440 there's a conversation about the fact that you help them with a technology that they have what
00:07:06.740 is the relationship with you and the family this basically no relationship um so um there's no
00:07:12.580 business relationships there's no commercial relations what is that company's name there's
00:07:16.260 a company name that they talk about something liberty right or world liberty finance yeah
00:07:20.340 what's the relationship with you and world liberty we don't have we don't have any nothing we don't
00:07:24.420 have any relationships um uh yeah i think they when they said so world liberty finance issues
00:07:30.900 a stablecoin called USD1 and USD1 is deployed on BNB Chain which is a public blockchain that
00:07:36.900 anyone can deploy a smart contract. The smart contract is open source and BNB Chain's developers
00:07:42.980 probably give them like a sample code which is you know pretty much publicly available so that's
00:07:49.620 probably what they were referring to making up a story saying and this is nothing to do with Binance
00:07:54.100 nothing to do with me personally so we don't have any stake in USD1 or World Liberty Finance
00:07:59.940 they don't have a stake in us um there were reports about you know there was a deal about
00:08:04.020 you know giving some equity of binance or binance us to get a partner there's no such transactions
00:08:08.260 they don't own any equity in any of those entities yeah that's a story that you'll see all over the
00:08:13.540 place the fact that hey there was this was a back deal you helped them out this was their way
00:08:18.260 in exchange for uh the pardon that you got etc etc when we set out to create a shoe that blends
00:08:25.060 comfort, function, and luxury. We had the choice to make it fast. We had the choice to make it
00:08:31.660 cheap. We chose neither. Instead, we chose Tuscaneiro. We chose true Italian craftsmanship,
00:08:39.060 each pair touched by 50 skilled hands. We chose patience, spending two years perfecting every
00:08:44.960 detail, and we chose the finest quality at every step. Introducing the Future Looks Bright
00:08:51.700 collection. Not rushed, not disposable, not ordinary. Rather intentional, luxurious, timeless.