What is the Legal Basis for the US imprisioning a non-US citizen like CZ \ stacker news ~meta

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What is the Legal Basis for the US imprisioning a non-US citizen like CZ

754 sats \ 15 comments \ @kepford 3 May meta

I'm not a legal expert. Not even close. This week it was announced that Changpeng Zhao (CZ) would have to serve a 4 month prison sentence along with a fine for his "crimes". CZ is a Canadian and UAE citizen, but not a US citizen. How does this work in legal terms? Is it just that Canada and UAE are US lap dogs and turn over their citizens?

My guess is this is international law which I understand as a history of legal cases that have been decided over the years to determine how states interact with each other. I've learned from reading about international law that since there isn't a world super government that has legal authority over all of the states of the world that they all work together to figure these things out on a case by case basis. This comes up when legal experts talk about anarchism and how the legal system could work without the state. Each sovereign individual would represent themselves in a similar way that sovereign states do today. Law predates the state. It does not come out of the state.

@siggy47, I'd be curious if you could pipe in here and let me know if I'm getting this right on CZ.

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629 sats \ 7 replies \ @siggy47 3 May

I'm pretty sure that they indicted him for actions that "took place" in the US through the binance US corporation. Binance US required KYC/AML from customers, but it was lax. I know this was an issue, but I'm not certain the actual charges stemmed from that. Regarding his arrest, I found it very strange that he voluntarily surrendered. CZ wasn't shy about disappearing by switching his locale over the years. In this case he just voluntarily came to the US to surrender. It seemed suspicious to me. A deal may have been worked out in advance re leniency. In retrospect it sure looks that way. Four months in a US federal prison is not exactly hard time. I feel like stuff happened here that we'll never be made aware of.

570 sats \ 1 reply \ @DarthCoin 3 May

It's all a setup, smoke and mirrors to scare the shit out of normies, to slow down buying more bitcoin. It's all related, from Mt.Gox --> Silk Road --> Bitfinex --> Samourai --> Roger Ver --> Binance --> etc.

You will see later. 2024 will be a very interesting year. This just started.

33 sats \ 0 replies \ @kepford OP 3 May

I tend to agree @DarthCoin. Its connected

263 sats \ 1 reply \ @StillStackinAfterAllTheseYears 3 May

Yeah. This piece has this quote in it:

But during his hearing, I was struck by repeated references to a sealed matter that was a mitigating factor on sentencing and significant emphasis on the word “cooperation.”

41 sats \ 0 replies \ @siggy47 3 May

Aha!!! This is the first I heard of this. It's kind of ominous if you ask me. I hope it involves some Russian oligarch rather than a prominent bitcoiner. Someone is getting thrown under the bus.

131 sats \ 0 replies \ @Coinsreporter 4 May

I agree 💯. CZ is worth an Oligarch now and his casual surrender to US definitely gives rise to lot of suspicion about US 'law black market'. This only shows that 'equality before the law is just a myth'.

108 sats \ 0 replies \ @kepford OP 3 May

Thanks, makes sense to me. I forgot about him surrendering. You often hear about deals being made. The state can make your life suck if they want to.

I've just been thinking about all those people I know that falsely believe the US state is not an empire. Sure seems like the evidence is to the contrary. Seems like the US has a long arm that reached into any nation state that hasn't stood up to them.

54 sats \ 0 replies \ @Bell_curve 4 May

He made a deal that was lenient for prison time and he paid a large fine.

I wonder if he can get a job in the future because of his criminal record lol

119 sats \ 1 reply \ @btcschellingpnt 3 May

Also curious on this one.

America is about 4% of the world's population and USD is the current global settlement rails for (the vast majority of) international trade. That trade isn't just Australia selling oil to Asia, but it's people buying 'stuff' off Amazon and having it shipped to them. So money, state control/issuance, and international activity all become entwined.

Doesn't explain why the US seems to have some extra-judicial authority to slap non-US citizens. Suspect there would have to be legal instruments contained within extradition treaties established as part of diplomatic relations with the US.

0 sats \ 0 replies \ @Bell_curve 4 May

My guess is corruption

54 sats \ 1 reply \ @tolee 3 May

If you have the bases, you have the basis.

64 sats \ 0 replies \ @kepford OP 3 May

Yeah, what is the basis?

55 sats \ 0 replies \ @Satosora 3 May

Im pretty sure they charged him with some international crimes, and some originating in the US. So they are able to hold him until the sentencing, or until he is moved to another country for trials.

0 sats \ 0 replies \ @ch0k1 3 May

Interesting question...

To be frank, I thought they'll be ok and don't touch him when he/Binance paid the penalty...

0 sats \ 0 replies \ @Hamstr 4 May freebie

Canada/UAE isn't likely to defend him because they're on a very friendly political agreement.

Another form of currencies are guns, weapons and to distribute it out to gain friendship, sway on policies, and to back up one another if war should break out. It used as a tool for loyalty beyond the USD. You can feel free to disagree, everyone has so far.

it goes deeper then BTC, but that's just my 2 sats, and yes to create fear.