On March 18, at the 2025 Digital Asset Summit in New York, Binance CEO Richard Teng denied reports of negotiations between Binance.US and entities affiliated with Donald Trump.
Denial of Rumors
Teng reiterated the stance of Binance founder Changpeng Zhao and Trump himself, who previously denied the possibility of a deal with Trump's DeFi project, World Liberty Financial.
Supporting Crypto Initiatives
Teng mentioned that Binance benefits from Trump's 'pro-crypto' policies, noting that the companies are legally and operationally distinct. He praised Trump's efforts to make the US the 'world's crypto capital.'
Potential Conflicts of Interest
Some experts raised concerns about the potential conflicts of interest arising from Trump's crypto dealings. The Wall Street Journal reported that CZ sought a pardon from the Trump administration.
Despite denials by all parties, the rumors of Trump's involvement with Binance drew attention to the president's activities in the crypto space, raising questions about conflicts of interest.
