Key Takeaways
- CZ denied reviews of discussions concerning a possible deal involving Trump and Binance.
- CZ recommended the article was an assault on President and crypto, citing residual forces.
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Changpeng “CZ” Zhao has publicly denied the Wall Road Journal’s report suggesting that representatives of President Donald Trump’s household engaged in discussions to purchase a monetary stake in Binance.US. He mentioned that the article was inaccurate, suggesting it was designed to discredit Trump and the crypto sector.
“I’ve had no discussions of a Binance US cope with … effectively, anybody,” CZ wrote on X, responding to what he described as widespread inquiries from media shops.
The previous CEO of Binance mentioned greater than 20 individuals knowledgeable him they have been contacted by WSJ and one other media outlet asking to substantiate whether or not he “made some deal for a pardon.”
In response to WSJ, Binance reached out to Trump’s allies final 12 months, proposing a enterprise association as a part of the corporate’s technique to revitalize its US operations. The report additionally said that CZ is looking for a pardon from the President.
CZ recommended the article seemed to be “motivated as an assault on the President and crypto,” including that “residual forces of the “struggle on crypto’ from the final administration are nonetheless at work.”
The crypto change’s founder, who faces jail time after pleading responsible to violating US anti-money laundering necessities, famous he was “the one one in US historical past who was ever sentenced to jail for a single BSA cost.”
“No felon would thoughts a pardon,” CZ added, whereas expressing his dedication to creating “crypto nice in every single place, US and the remainder of the world.”
CZ beforehand denied rumors that Binance was on the market. Nevertheless, he hinted at the potential for permitting small-scale investments sooner or later.
4. Some lowly self-perceived competitor in Asia fudding about Binance (CEX) on the market.😂
As a shareholder, Binance just isn’t on the market.
Prime buyers have all the time been focused on Binance. Over time, we might enable some investments within the single-digit share vary.🤷♂️
— CZ 🔶 BNB (@cz_binance) February 17, 2025
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