Yesterday, a rumor about the Trump family possibly acquiring shares in Binance.US spread in the market. The incident was triggered by (The Wall Street Journal) reporting that the Trump family was in discussions with the Binance.US subsidiary to buy shares so that the Binance.US branch could resume operations in the U.S.
This report quickly sparked widespread attention in the community, especially considering that the Trump family previously issued the DeFi project World Liberty Financial (WLFI), leading many to believe that the Trump family wanting to get involved in the exchange business does not seem surprising.
However, Binance founder CZ (Zhao Changpeng) quickly tweeted to clarify, stating that the news is "100% wrong." He indicated that just yesterday morning, more than 20 people confirmed with him whether the Trump family wanted to acquire shares in Binance.US. CZ clearly stated that he had never discussed any transactions or sales related to Binance.US with anyone.
What is (The Wall Street Journal) aiming for?
CZ speculated that if more than 20 people found him, they told him (The Wall Street Journal) (and another media outlet) asked them a question: "Can you confirm that CZ made some kind of deal to obtain a pardon?"
This indicates that (The Wall Street Journal) may have posed this question to many people (possibly hundreds), and ultimately, these 20 people sought out CZ to verify.
However, (The Wall Street Journal)'s approach seems to attempt to fabricate a story through a large number of questions, rather than based on actual facts or evidence.
CZ also pointed out that (The Wall Street Journal)'s actions might be intended to attack the president and cryptocurrencies, viewing it as the remnants of the last administration's "cryptocurrency war" at work. He also emphasized that he is pleased to see cryptocurrencies widely used in the U.S. and globally.
At the same time, (The Wall Street Journal)'s viewpoint also suggests that if CZ sells part of the Binance.US shares to the Trump family, he might also gain a "pardon." CZ found this very amusing and even joked, "I’m glad to see that even (The Wall Street Journal) thinks I should be pardoned."
Conclusion:
From CZ's tweet, it is clear that (The Wall Street Journal)'s report this time is obviously baseless rumors. This incident also reminds us that even authoritative media like (The Wall Street Journal) may publish misleading information.
As ordinary investors, we must keep our eyes open and not be blinded by any market news to avoid making incorrect investment decisions based on trends.
Finally, do you think the reporting by (The Wall Street Journal) was intentionally misleading or an information error? Do you think the Trump family will get involved in cryptocurrency exchange business in the future? As an investor, how should one respond to rumors and false information in the market?
