The Daily Herold: October 23, 2025 – Crypto Pardons, Gambling Scandals, and California’s Billion-Dollar Scheme

Jon Herold kicks off a slow news day with a sharp mix of wit and skepticism on The Daily Herold. From Gavin Newsom’s shocking Medicaid fraud loophole that funneled billions in federal funds to California, to Russia’s legalization of crypto for international trade, and Trump’s eyebrow-raising pardon of Binance founder Changpeng Zhao, Jon dissects the headlines with his trademark humor and candor. He dives into Japan’s first female prime minister, Trump’s new $3 billion farmer aid package amid the government shutdown, and the FBI’s massive mafia-linked gambling probe that’s shaking the NBA. Along the way, Jon reacts to Candace Owens’ claims about Charlie Kirk, debates Thomas Massie’s political motives, and even considers the Coast Guard’s true place in government, with plenty of offbeat tangents and laughs.