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CZ Denies Trump-Binance Deal Allegations, Calls WSJ Report Misleading
Changpeng Zhao, the former CEO of Binance, has vehemently denied claims that representatives of President Donald Trump’s family were involved in discussions to acquire a financial stake in Binance.US. In a recent post on X, Zhao labeled the Wall Street Journal’s report as “politically motivated” and “inaccurate.”
The article alleged that Binance approached Trump’s allies last year with a business proposal as part of its plan to strengthen its U.S. operations. However, Zhao refuted these claims, stating that he has had no discussions whatsoever about a potential deal with anyone.
Zhao emphasized that more than 20 individuals have informed him that they were contacted by the Wall Street Journal and another media outlet in an effort to verify whether he had struck a deal for clemency. The former CEO believes this attempt is part of a broader attack on the President and the cryptocurrency sector as a whole.
The CEO’s denial comes amid heightened scrutiny over Binance.US, which has faced numerous regulatory issues and controversies. Given CZ’s tumultuous past with U.S. authorities, any perceived involvement with Trump or his family would likely attract intense media attention and public interest.
Zhao’s statement also raises questions about the potential implications of a presidential pardon on his ability to participate in the management or operations of Binance. The former CEO is currently serving a prison sentence for failing to implement an effective anti-money laundering program at the exchange, as part of a settlement with U.S. authorities. If a presidential pardon were granted, it could potentially alter his legal status and allow him to resume involvement with the company.
Despite the controversy surrounding Binance, Zhao remains committed to advancing cryptocurrency globally.
Source: https://cryptopotato.com/cz-denies-trump-binance-deal-allegations-calls-wsj-report-misleading/
