Binance CEO reiterates denial of Trump family deal talks

Binance CEO Richard Teng rejected reports that Binance.US remained in offer talks with entities connected with United States President Donald Trump throughout a March 18 panel at Blockworks’ 2025 Digital Possession Top in New York City.

Teng’s declaration repeated the position taken by Binance’s creator, Changpeng “CZ” Zhao, and Trump, both of whom rejected the story recently.

On March 13, The Wall Street Journal reported that Binance.US, an independently-operated United States cryptocurrency exchange, was going over offering an equity interest to Trump-affiliated company entities, consisting of a possible handle World Liberty Financial, the Trump household’s decentralized financing (DeFi) job.

” I think both World Liberty Financial in addition to CZ himself have tweeted and rejected the reforms, right? So that there’s actually absolutely nothing else to include,” Teng stated throughout the top, which was gone to by Cointelegraph.

Related: Donald Trump’s memecoin produced $350M for developers: Report

Teng mentioned that Binance.US is lawfully and operationally unique from its bigger name.

” United States and dotcom are rather various animals, right? They have various set of investors, they have various board of directors and various CEO running the program,” he stated.

Nevertheless, Teng did applaud Trump, stating that Binance has actually taken advantage of the president’s “pro-crypto” policies in spite of not straight running in the United States.

” In 2015 was a landmark year because organizations are lastly coming on board,” Teng stated.

” With President Trump bring out both [a] tactical crypto reserve or property stockpile, it will require federal governments all over the world […] to take a look at this area rather seriously.”

In a departure from his predecessor, Joe Biden, Trump has actually stated he wishes to make America the “world’s crypto capital” and has actually designated pro-industry management to essential regulative posts.

Possible disputes of interest

Pointing out sources acquainted with the matter, The Wall Street Journal report pointed out that CZ– who served 4 months in jail in the United States– has actually been promoting the Trump administration to approve him a pardon.

” It is uncertain what form the Trump household stake would take if the offer comes together or whether it would be contingent on a pardon,” the report stated.

Binance is the world’s biggest cryptocurrency exchange, however Binance.US lags Coinbase in the United States market.

CZ rejected the report in an X post released the very same day. Trump likewise rejected the report in a post on Reality Social, his social networks platform.

” The Globalist Wall Street Journal has no concept what they are doing or stating. They are owned by the contaminated thinking about the European Union, which was formed for the main function of ‘screwing’ the United States of America,” the president composed.

Trump’s Jan. 18 memecoin launch and his ties to crypto company World Liberty Financial have upturned standards for United States presidents and raised issues about possible disputes of interest, professionals have actually stated.

Publication: Trump’s crypto endeavors raise dispute of interest, expert trading concerns