Changpeng Zhao (CZ), the founder of #Binance , categorically denied claims published by The Wall Street Journal (WSJ) suggesting talks between President Donald Trump's family and Binance to invest in the American company's arm #Binance.US , or any connection with the cryptocurrency project World Liberty Financial (WLF) backed by Trump.
In a post on platform X on March 13, 2025, CZ confirmed that "he had not held any discussions regarding a deal related to Binance.US with anyone," describing the WSJ report as "getting the facts wrong" and appearing to be "an attack on the president and cryptocurrencies." He also denied any business relationship with WLF, noting that Binance did not purchase any WLF tokens. CZ mentioned that more than 20 people told him that WSJ contacted them to confirm whether he had "struck a deal for a pardon," suggesting that the newspaper may have actively sought confirmations for a narrative that was not supported.
CZ also rejected a similar report from Bloomberg, describing it as "fundamental slander" and "purely fictional," affirming that Binance has no business deals with WLF or the individuals mentioned in the article.
I hint that these reports may be politically motivated, referring to "the remaining forces from the war on cryptocurrencies" from the previous administration. These claims come in the context of reports about Binance's attempts to return to the American market after a $4.3 billion settlement with U.S. authorities in 2023, where CZ pleaded guilty to violating anti-money laundering laws and spent four months in prison. Despite denying any discussions about a pardon, CZ indicated that "no criminal would refuse to seek a pardon," especially as he is "the only person in U.S. history sentenced to prison for a single charge related to the Bank Secrecy Act (BSA)."
On the other hand, the reports raised concerns about potential conflicts of interest, especially with the involvement of individuals from the Trump family or projects like WLF, which allegedly are in talks to develop a dollar-backed stablecoin with #Binance . However, neither WLF nor the Trump Organization has issued official statements confirming these talks, and the WSJ report did not provide concrete evidence of Trump's or CZ's direct involvement.
The situation remains unclear, with ongoing speculation about the motives behind these reports amid the evolving regulatory landscape for cryptocurrencies in the United States under the Trump administration, which is supportive of cryptocurrencies.
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