Nobody in this administration is going to be prosecuted no matter who is in power.
No, in the USA the pardon power belongs to the President. Only a constitutional amendment could invalidate pardons.
https://constitution.congress.gov/browse/essay/artII-S2-C1-3...
We are finding out in real time that the president can actually do a lot of things, simply because nobody is stopping him.
I'm not saying that that could never happen, but a) it sure sounds like an uphill battle and b) it's not the same thing as the president (one person) doing whatever they feel like regardless of the law.
We have somehow made it a habit to ignore the inconvenient parts of the constitution when they create problems, rather than going through the enumerated process to amend them. Yes, it’s hard to amend the constitution, but that’s the point!
“The power of pardon conferred by the Constitution upon the President is unlimited except in cases of impeachment. It extends to every offence known to the law, and may be exercised at any time after its commission, either before legal proceedings are taken or during their pendency, or after conviction and judgment.”
Nobody is going to waste their time investigating crimes that can't be prosecuted.
> The only way that this could be a federal crime right now is if the government starts prosecuting it under existing laws without any changes. I don't see that as likely.
Fully agree, especially since Kalshi just caught one of the editors of MrBeast's videos red handed (he was betting on the "What words will MrBeast say in his next video" market with 100% accuracy) and while Kalshi banned the guy the DOJ has shown 0 interest in doing anything with that.
Don't assume safety.
Edit - was curious:
https://en.wikipedia.org/wiki/Ex_post_facto_law
So maybe not?
I'd love a judicial scholar's input.
The caveat I added to my initial comment that you also mentioned was that they could try to find a relevant existing law and retrofit it, e.g. general securities laws, and say that this is a securities market and so this has always been illegal — but it's very unlikely and I doubt it would work. Far, far more likely that we pass explicit laws about this.
That way lies madness.
If the govt could do that, they could arrest anyone, anytime simply by making whatever they did yesterday retroactively illegal.