From War Crimes to Pardons: The Logic of the Cryptocracy

Strike against unarmed civilian boats and the pardon of Honduran President and narco-terrorist Juan Orlando Hernández appear to be in conflict. On one side, Trump orders air strikes on small boats they claim, without presenting evidence, are drug-smuggling vessels.

On the other side, Donald Trump has vowed a “Full and Complete Pardon” for Hernández, a man convicted in U.S. courts of conspiring to ship staggering quantities of cocaine into the country. The contrast is jarring. Lethal force against alleged small-scale smugglers, mercy for a proven kingpin.

But the pattern becomes clearer when you follow the financial interests surrounding a privately run, investor-backed quasi-city off Honduras’s coast known as Próspera.

Financed by well-known tech and crypto billionaires and a haven for illegal money laundering, it’s marketed as “libertarian innovation.” But functions more like an autonomous corporate enclave, complete with Bitcoin as legal tender and a legal architecture enabled by Honduran political elites later convicted or accused of corruption.

Trump has made billions in cryptocurrency schemes. In this light, the pardon of Hernández and other crypto titans make perfect sense. When crypto billionaires need help, Trump delivers.

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