Changpeng Zhao denies reports of a Binance.US deal, defends Trump

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Former Binance CEO Changpeng “CZ” Zhao has denied lots of the claims in a Wall Road Journal report suggesting that he has been actively looking for a federal pardon from US President Donald Trump.

In a March 13 X put up following the discharge of the report, Zhao mentioned he had no discussions concerning a enterprise deal between the Trump household and Binance.US. He additional denied claims that he wished a presidential pardon from Trump, which may probably enable him to imagine an operational or administration function at Binance.

“No felon would thoughts a pardon, particularly being the one one in US historical past who was ever sentenced to jail for a single BSA [Bank Secrecy Act] cost,” mentioned CZ. “Feels just like the article is motivated as an assault on the President and crypto, and the residual forces of the ‘struggle on crypto’ from the final administration are nonetheless at work.”

CZ’s assertion on a March 13 Wall Road Journal report. Supply: Changpeng Zhao

In November 2023, Binance reached a cope with US authorities requiring the change to pay $4.3 billion and Zhao to plead responsible to 1 depend of violating the Financial institution Secrecy Act for failure to take care of an efficient Anti-Cash Laundering program on the change. CZ stepped down as CEO, was later sentenced to 4 months in jail, and reportedly was completely enjoined from working or managing Binance as a part of the deal.