Changpeng “CZ” Zhao, co-founder and former CEO of Binance, shared a tweet suggesting that Coinbase was the unnamed source behind a Bloomberg report criticizing Trump’s crypto initiative, World Liberty Financial, and Binance. Crypto commentator Matt Wallace claimed that Coinbase executives were concerned that a potential pardon for Zhao and Binance's re-entry into the U.S. market could jeopardize their market position, leading them to undermine competitors. Wallace emphasized that Binance, as the leading crypto exchange, could significantly impact Coinbase's business if it regained full legal status. He criticized Coinbase for allegedly targeting Trump to harm competition, labeling it as anti-American. Zhao retweeted Wallace's claims without confirmation. Cointelegraph sought comments from both Binance and Coinbase but received no response. The Bloomberg report alleged that Binance created a smart contract for USD1, a stablecoin linked to Trump, and mentioned Zhao's application for a presidential pardon. Zhao dismissed the article as a competitor-driven hit piece filled with inaccuracies, hinting at possible legal action. Read more AI-generated news on: https://app.chaingpt.org/news