$BNB Trump family negotiates with Binance over acquisition of shares, Zhao Changpeng denies

Global Market Report 03-13 22:59

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Related News: Reports say Trump family has negotiated with Binance for a stake

On Thursday, media reported that sources revealed representatives of the Trump family had negotiated to acquire financial shares in Binance's U.S. subsidiary, a move that would allow Trump to do business with a company that admitted to violating anti-money laundering requirements in 2023.

The report also stated that Binance founder Zhao Changpeng is seeking a pardon from the Trump administration.

Former CEO of Binance Zhao Changpeng publicly denied the report.

Zhao Changpeng wrote on platform X: "I’m sorry to disappoint everyone, the report is inaccurate. Over 20 people told me that the media asked them: 'Can you confirm that CZ made some deal for a pardon?' They might have asked hundreds of people before finding 20 who could reach me. Essentially, they tried to fabricate a story to report. The fact is: I have never discussed any deal regarding Binance with... anyone. No criminal would refuse a pardon, especially as the only person in U.S. history to be imprisoned solely due to a single Bank Secrecy Act (BSA) charge. It feels like this article is aimed at attacking Trump and cryptocurrency, while remnants of the previous administration's 'war on cryptocurrency' are still active. I have always been happy to let cryptocurrency shine around the world."