The former CEO Binance denies the possibility of Trump family buying shares

March 13, Wall Street Journal Extracting the close source said that the representative of US President Donald Trump discussed with Binance about buying a business in the US of this digital floor. The source also said that the founder of Binance Changpeng Zhao (CZ) is trying to promote the Trump administration to pardon him.

In November 2023, Zhao resigned as CEO Binance and was sentenced to four months in prison for “not complying with the regulations on money laundering”. He also violated the sanctions issued by the US Department of Justice (DoJ). Binance must pay a fine of 4.3 billion USD. This is aimed at arranging the investigation for many years with the largest digital floor.

However, just a few hours after WSJ posted information, CZ denied it on his personal page. “Unfortunately, I have to disappoint people. The post on WSJ is not true,” he wrote on X. Cz confirmed that there was no discussion about Binance America with anyone.

The former CEO Binance said that the above information could “attack the US President and the money”. “I am very happy to be able to help money to be popular everywhere, in the US and the rest of the world,” he wrote.

President Donald Trump over the past few months has had many moves and declared beneficial for money. Earlier this month, he signed a decree to set up a national digital reserve warehouse, in order to store the confiscated token token in cases. This raised concerns about conflicts of interest, because investors poured millions of dollars to support him in the election last year.

Trump’s family also launched Memecoins Trump and Melania. The US president even grasped shares in the World Liberty Financial.

Last month, Binance USA recovered the sending and withdrawal of USD with customers after nearly 2 years of suspension. This move is an important step in the recovery of interrupted services since 2023, when the US Securities Commission (SEC) sued Binance – the parent company of Binance US – with allegations of violations of securities.