Binance CEO Richard Teng has denied that Binance.US is talking to entities associated with US President Donald Trump at a panel of March 18 at Blockworks’ 2025 Digital Asset Summit in New York.
Teng’s statement once again issued a position taken by Binance’s founder Changpeng “CZ” Zhao, and Trump, both rejected the story last week.
On March 13, the Wall Street Journal reported Binance.US, an independent run by the US cryptocurrency exchange, discusses the sale of an interest of equity to Trump -related creatures, including a possible deal with World Liberty Financial, the decentralized family project (DEFI) of the Trump family (DEFI).
“I believe that both the World Liberty Financial as well as the CZ itself tweeted and refused the reforms, right?
Richard Teng is speaking at the Blockworks’ Digital Asset Summit in New York. Source: Cointelegraph
Related: Donald Trump’s Memecoin generated $ 350m for creators: Report
Teng said Binance.us is legal and surgery that is different from its bigger name.
“The US and DOTCOM are quite different animals, right?
However, Teng praised Trump, saying that Binance had benefited from the president’s “pro-crypto” policies even though it did not operate directly in the US.
“Last year was a landmark year in those institutions was finally riding,” Teng said.
“With President Trump’s release with the same (a) strategic crypto reserve or asset stockpile, it will force governments around the world (…) to look at this space.”
In a departure from his predecessor, Joe Biden, Trump said he wanted to make America as the “crypto capital of the world” and appointed the Pro-Industrial leadership to major regulation posts.
Source: Cz
Potential conflicts of interest
Mentioned resources familiar with the matter, the Wall Street Journal report mentioned that CZ – Who Served four months in prison in the US – has been pushing for the Trump administration to give him a forgiveness.
“It is unclear what form the Trump family will do if the deal is together or if it is in agreement with a forgiveness,” the report said.
Binance is the largest cryptocurrency exchange in the world, but Binance.US Lags Coinbase in the US market.
CZ denied the report on an x Post have been published on the same day. Trump also denied the report in a post on Truth Social, his social media platform.
“The Globalist Wall Street Journal has no idea what they are doing or saying.
The launch of Memecoin of January 18 Raised concerns about potential conflicts of interestExperts said.
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
