Changpeng Zhao Denies WSJ Report on Trump Family's Binance.US Stake Purchase

by Giorgi Kostiuk

10 months ago

Former Binance CEO Changpeng Zhao has denied the Wall Street Journal's (WSJ) claim that the Trump family sought to buy a stake in the US arm of Binance.

Denial of Allegations

Zhao wrote in a March 13 post on platform X that the WSJ article was incorrect. He stated that there were no discussions with the Trump family about a Binance.US deal.

Sorry to disappoint, the WSJ article got the facts wrong.

Pushing for Presidential Pardon

Zhao did not explicitly deny the WSJ report that he is pushing for a presidential pardon. He claimed that more than 20 people told him the WSJ asked them to confirm a pardon deal.

They probably asked hundreds of people to have 20 people reach out to me.

Potential Trump Family Acquisition

The WSJ stated that a pardon would enable Binance to return to the US market and possibly simplify international business. It also highlighted the uncertainty of how the Trump family could acquire a stake in Binance.US and if it is contingent on Zhao receiving a pardon.

Zhao firmly denies the WSJ's claims, insisting that rumors about talks with the Trump family and seeking a pardon are inaccurate.

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