The main news publications claim that Binance and Trump Associates are in commercial conversations, something Zhao denies.
Changpeng Zhao, founder and former CEO of Binance, has denied having discussed an agreement or commercial agreement with US President Donald Trump and his associates.
The Wall Street Journal reclaimed that the representatives of Trump’s family held conversations to take a financial participation in Binance.us and that Zhao pressed for forgiveness along with that development. Supposedly, Binance initially contacted Trump allies on an agreement in 2024 in an attempt to allow his American arm to resume operations.
Advanced Bloomberg Related claims, declaring that The Trump World Liberty Financial Crypto project, affiliated with Trump, had argued to do business with Binance. The conversations supposedly touched the possibility of a collaboration of Stablecoin.
Both reports describe the participation of the co -founder World Liberty Financial Steve Witkoff, although a Trump administration official denied Witkoff’s participation in a statement to the Wall Street Journal.
The reports are based on statements of unidentified individuals, and none of the supposedly involved parties have officially confirmed the conversations.
In X, Zhao He denied the Wall Street Journal reportstating that, although a forgiveness would be desirable, he has had no “discussion of a binance. [anyone]. “
He Later he called The Bloomberg informs a “successful side piece.” Zhao said that neither Binance has commercial businesses with World Liberty Financial or others mentioned in the article, nor have they bought any financial cryptocurrencies of Liberty World.
Zhao said that the media created the stories when asking their sources main questions, and added that he personally knew of 20 people who had been contacted. It is possible that hundreds of people have been contacted in general, he speculated.
Zhao described the rumors of the media a “motivated attack against the president and cryptography” and said that “the residual forces” of the Biden administration continue to point to cryptography.
In November 2023, Zhao declared himself guilty of not maintaining an effective program against money laundering in Binance, thus violating the United States Bank Secretation Law.
After his guilt statement, Zhao was sentenced to four months in prison in April 2024 and was released in September 2024. Although Zhao is no longer the Binance CEO, he is still the largest shareholder of the company.
Binance Group companies faced separate consequences. Binance himself paid more than $ 4.3 billion in fines to several US agencies and agreed to be monitored for compliance. Binance.us, meanwhile, remains involved in a civil lawsuit initiated by the SEC of the United States, although that demand was arrested in February.
Discharge of responsibility: The information contained in this document is provided without considering its personal circumstances, therefore, it should not be interpreted as financial advice, investment recommendation or an offer or application for any transaction in cryptocurrencies.
