Analysis

Binance Founder Refutes WSJ Reports of Trump Plans To Buy Stake in US Arm of the World’s Largest Crypto Exchange

Former Binance CEO Changpeng Zhao is pushing again on a Wall Avenue Journal report that Donald Trump has held talks with Binance to purchase a stake in Binance.US.

Earlier immediately, the WSJ reported that the Binance founder “pushed” for the Trump administration to pardon him for his 2023 responsible plea for violating US anti-money laundering necessities.

CZ was launched from jail final October after serving a four-month sentence.

After immediately’s report, Zhao took to the social media platform X to deny the journal’s claims.

“Sorry to disappoint. The WSJ article obtained the information improper.

Greater than 20 individuals have instructed me they had been requested by the WSJ (and one other media), “Are you able to affirm that CZ made some deal for a pardon?”

They most likely requested lots of of individuals to have 20 individuals attain out to me. In essence, they tried exhausting to make a narrative to report.”

In accordance with Zhao, he didn’t talk about a Binance US take care of anybody.

“No felon would thoughts a pardon, particularly being the one one in US historical past who was ever sentenced to jail for a single Financial institution Secrecy Act cost.

Feels just like the article is motivated as an assault on the President and crypto, and the residual forces of the “struggle on crypto” from the final administration are nonetheless at work.

I’m at all times completely happy to make crypto nice all over the place, US and the remainder of the world.

It’s good to see that even WSJ thinks I ought to be pardoned.”

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