CZ denies the allegations of the Trump-Bronns deal, and the WSJ Telecom Decoons

Changpeng “CZ” Zhao denied claims that President Donald Trump’s family representatives participated in discussions to obtain a financial share in Binance.us.

This was after the Wall Street Journal published a report indicating that such talks had been held.

Details of the statement

After issuing the report, Zhao addressed the claims on March 13 mail On X, saying: “I have not discussed any discussions about our dealings with … well, anyone.”

Former Binance CEO explained that more than 20 people told him that they had contacted them WSJ and another media outlet, who were trying to verify whether he had concluded a deal for compassion.

The article claimed that Zhao was looking for a presidential pardon from Trump, which could allow him to operate or administrative in Bennes. According to WSJ, Binance approached Trump’s allies last year with a proposal as part of its plan to enhance its American operations.

Zhao denied these allegations, indicating that the report was political driven and intended to “attack the president and encryption.” He also stressed that “the remaining forces of the” war on encryption “from the last administration are still at work.

CZ, who spent time after approved the violation of the anti -money laundering laws, noted that he is the only person in the history of the United States to obtain a prison sentence for violating one bank law. “No criminal is a pardon,” he said, adding that he is still devoted to the progress of the cryptocurrency in the United States and the world.

The effects of a potential Check Trich’s return

In November 2023, Binance settled with the American authorities, and agreed to pay $ 4.3 billion of fines. As part of the agreement, Zhao acknowledged that he was guilty of his failure to implement an effective program to combat money laundering on the stock exchange. The company also committed to the entire exit from the US market.

CZ later resigned as CEO, with reports indicating that he was permanently prevented from operating or Binance management under the settlement conditions. The presidential amnesty is likely to change the ability of the platform to behave in the country.

Since Trump took office, his administration has taken a more supportive position on digital assets, reflecting the strict organizational approach to the previous government.

Under the acting head, Mark Oida, the American Securities and Stock Exchange Committee (SEC) eased its executive efforts against the encryption companies. Several prominent cases have been stopped, including cases that involve Binance and Coinbase, or drop them.