news 
Changpeng Zhao Denies WSJ, Bloomberg’s Trump Pardon Claims
Binance founder and CEO Changpeng Zhao (CZ) has denied allegations made by The Wall Street Journal and Bloomberg suggesting he is seeking a presidential pardon from US President Donald Trump. In a statement released on X, CZ rejected the claims as false and misleading, stating that Binance has no business ties with entities associated with the former president.
According to the reports published by WSJ and Bloomberg, Zhao had been actively pursuing a pardon in exchange for potential deals or investments. However, CZ vehemently denied these allegations, emphasizing that he and Binance have no involvement with Trump-linked entities.
CZ’s denial comes amidst ongoing legal scrutiny surrounding his 2024 conviction on charges related to insufficient anti-money laundering controls on Binance’s US-based trading platform. The controversy has sparked debate about the potential for crypto companies to seek political favors in exchange for financial gains or other benefits.
The WSJ article alleged that Zhao and Binance had reached out to Trump’s associates, including a stake in its US operations. Bloomberg released a similar report, further fueling speculation about backdoor dealings between Binance and the former president’s friends.
Zhao’s statement aims to disassociate himself and his company from these claims, emphasizing their commitment to transparency and compliance with regulatory standards. The incident highlights the need for greater scrutiny of cryptocurrency companies’ relationships with political figures and institutions.
In related news, a recent report suggested that Three Arrows Capital has won a $1.53 billion claim against FTX, amid ongoing market volatility and regulatory concerns.
Source: https://cryptotale.org/changpeng-zhao-denies-wsj-bloombergs-trump-pardon-claims/
