2 weeks ago
Changpeng Zhao has dismissed a Wall Street Journal (WSJ) report suggesting helium is discussing an concern woody with the household of US President Donald Trump successful Binance.US, the American part of the planetary Binance crypto exchange.
On March 13, Zhao took to X to refute the claims, calling the nonfiction an effort to undermine some the US president and the crypto industry. He stressed that helium had nary engagement successful immoderate discussions regarding Binance.US.
The erstwhile Binance CEO wrote:
“They astir apt asked hundreds of radical to person 20 radical scope retired to me. In essence, they tried hard to make a story to report. Fact: I person had nary discussions of a Binance US woody with … well, anyone.
Zhao besides suggested that lingering anti-crypto sentiment from the erstwhile US medication played a relation successful the report, saying:
“Feels similar the nonfiction is motivated arsenic an onslaught connected the President and crypto, and the residual forces of the ‘war connected crypto’ from the past medication are inactive astatine work.”
On the contented of a presidential pardon, the erstwhile Binance CEO stated:
“No felon would caput a pardon, particularly being the lone 1 successful US past who was ever sentenced to situation for a azygous BSA charge.”
WSJ report
According to WSJ, President Trump’s household is allegedly exploring an concern successful Binance.US.
The study further claimed that these discussions included the anticipation of a statesmanlike pardon for Zhao, who pleaded blameworthy to national violations successful precocious 2023.
Zhao’s plea statement led to a $4.3 cardinal colony for Binance and a four-month situation condemnation for him. A statesmanlike pardon could assistance wide ineligible obstacles for Binance and assistance its planetary expansion.
WSJ besides alleged that the Trump household could transmission its concern done its DeFi venture, World Liberty Financial (WLF). Additionally, the study linked Steve Witkoff, a WLF enforcement and Trump’s advisor connected planetary negotiations, to the discussions.
Meanwhile, this study emerges astatine a clip erstwhile Binance.US fortunes person greatly improved successful the US. The speech precocious resumed USD deposits and withdrawals for its US customers and besides saw its ineligible tussle with the US Securities and Exchange Commission (SEC) paused for 60 days.
CZ’s mediocre narration with WSJ
Zhao has publically criticized the WSJ aggregate times for what helium claims are mendacious oregon misleading reports astir him and Binance.
Zhao responded to a WSJ article alleging person ties betwixt Binance and Binance.US than antecedently disclosed. The study was based connected leaked Telegram messages and interviews with unnamed staff. In response, Zhao tweeted “4,” referencing his earlier acquisition to his followers to disregard “FUD, fake news, attacks, etc.” This became a meme wrong the crypto community.
Zhao has consistently accused bequest media outlets, including the WSJ, of spreading FUD astir Binance and the broader crypto industry. He has repeatedly urged his followers to disregard specified reports, framing them arsenic sensationalist oregon biased against crypto.
The station CZ denies different WSJ story, says Trump not seeking to put successful Binance US appeared archetypal connected CryptoSlate.
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