Binance: CZ” Denies Talks with Trump’s Family
The Wall Street Journal reported that Donald Trump’s family is in talks with Binance on acquiring the company’s American division.
According to people familiar with the situation, the Wall Street Journal reported that Changpeng “CZ” Zhao, the founder of the exchange giant and its biggest shareholder, also requested a pardon.
Zhao refuted the WSJ report. “The WSJ article got the facts wrong.”. “The truth is that I haven’t discussed a Binance US deal with anyone. “.
Zhao’s lifetime ban from “managing or operating” the exchange is part of his agreement. Binance entered a guilty plea and paid a $4.33 billion fine, one of the biggest corporate penalties in the United States, for violating anti-money laundering laws. historical background—and consented to “a complete exit” from the nation.
According to The Journal, which cited anonymous people with knowledge of the situation, Steve Witkoff, a friend of the president and a negotiator in the conflict in Ukraine, is taking part in the talks.
Zhao continued: “It seems like the article is intended to hurt the President and cryptocurrency, and the remnants of the previous administration’s ‘war on crypto’ are still in play.
The Trump administration has been trying to support the sector after the Biden administration’s regulators were strict with leading cryptocurrency companies. Trump signed an executive order to establish a Bitcoin strategic reserve and separate cryptocurrency stockpile.
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