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

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by Giorgi Kostiuk

8 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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