Binance CEO Richard Teng has dismissed rumors that Binance.US is in negotiations with companies linked to former U.S. President Donald Trump.
Denial of Rumors
At the Blockworks' 2025 Digital Asset Summit, Teng reaffirmed statements from Binance founder Changpeng Zhao and Donald Trump, who both denied the claims. Teng stated there was nothing to add as no such negotiations took place.
Details from The Wall Street Journal
According to initial reports from The Wall Street Journal on March 13, Binance.US was allegedly exploring a deal with Trump-affiliated entities, including the decentralized finance (DeFi) project World Liberty Financial, connected to the Trump family. These discussions reportedly began in 2024.
Conclusion and Implications
Despite the denials, Teng praised Trump's support for the crypto industry and highlighted the benefits Binance gained from these policies during his presidency. The WSJ article also mentioned Changpeng Zhao's rumored interest in securing a pardon from the Trump administration, though both parties have denied this.
The situation regarding Binance.US's rumored negotiations with Trump-linked entities raises questions about potential conflicts of interest. Binance.US and Binance continue to operate independently, unaffected by these claims, and its leadership did not attend the first White House Crypto Summit.
