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Binance Founder Denies Trump Family Deal and Pardon Rumors, Contradicts Wall Street Journal Report

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Updated Mar 13, 2025, 05:14 PM

Changpeng Zhao, the founder of Binance, has publicly denied any discussions regarding a deal involving Binance US, specifically refuting rumors of a potential agreement with the Trump family. Zhao's statement comes in response to a Wall Street Journal report suggesting that the Trump family was considering an investment in Binance US, alongside discussions about a possible presidential pardon for Zhao, who previously pleaded guilty to federal violations. Zhao emphasized that he has not engaged in any talks about a Binance US deal with anyone, directly contradicting the claims made in the Wall Street Journal article. He also addressed the notion of a pardon, stating that while no felon would refuse a pardon, he has not sought one in relation to any deal with Binance US. The Wall Street Journal report also mentioned that the Trump family's potential investment could be channeled through their DeFi venture, World Liberty Financial, and linked Steve Witkoff, an executive at World Liberty Financial and a Trump advisor, to the discussions. However, Zhao dismissed these claims as an attempt to undermine both the president and the cryptocurrency industry.

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