{"id":125335,"date":"2025-03-18T19:19:32","date_gmt":"2025-03-18T19:19:32","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125335"},"modified":"2025-03-18T19:19:32","modified_gmt":"2025-03-18T19:19:32","slug":"binance-ceo-reiterates-denial-of-trump-family-deal-talks","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125335","title":{"rendered":"Binance CEO reiterates denial of Trump family deal talks"},"content":{"rendered":"

Source: Cointelegraph.com NewsBinance CEO Richard Teng denied reports that Binance.US was in deal talks with entities affiliated with US President Donald Trump during a March 18 panel at Blockworks\u2019 2025 Digital Asset Summit in New York.
\nTeng\u2019s statement reiterated the position taken by Binance\u2019s founder, Changpeng \u201cCZ\u201d Zhao, and Trump, both of whom denied the story last week.
\nOn March 13, The Wall Street Journal reported that Binance.US, an independently-operated US cryptocurrency exchange, was discussing selling an equity interest to Trump-affiliated business entities, including a possible deal with World Liberty Financial, the Trump family\u2019s decentralized finance (DeFi) project.\u00a0
\n\u201cI believe both World Liberty Financial as well as CZ himself have tweeted and denied the reforms, right? So that there\u2019s really nothing else to add,\u201d Teng said during the summit, which was attended by Cointelegraph.\u00a0
\nRichard Teng speaking at Blockworks\u2019 Digital Asset Summit in New York. Source: CointelegraphRelated: Donald Trump\u2019s memecoin generated $350M for creators: Report
\nTeng stated that Binance.US is legally and operationally distinct from its larger namesake.\u00a0
\n\u201cUS and dotcom are quite different animals, right? They have different set of shareholders, they have different board of directors and different CEO running the show,\u201d he said.\u00a0
\nHowever, Teng did praise Trump, saying that Binance has benefited from the president\u2019s \u201cpro-crypto\u201d policies despite not directly operating in the US.\u00a0
\n\u201cLast year was a landmark year in that institutions are finally coming on board,\u201d Teng said.\u00a0
\n\u201cWith President Trump coming out with both [a] strategic crypto reserve or asset stockpile, it will force governments around the world to look at this space quite seriously.\u201d
\nIn a departure from his predecessor, Joe Biden, Trump has said he wants to make America the \u201cworld\u2019s crypto capital\u201d and has appointed pro-industry leadership to key regulatory posts.
\nSource: CZPotential conflicts of interest
\nCiting sources familiar with the matter, The Wall Street Journal report mentioned that CZ \u2014 who served four months in prison in the US \u2014 has been pushing for the Trump administration to grant him a pardon.
\n\u201cIt is unclear what form the Trump family stake would take if the deal comes together or whether it would be contingent on a pardon,\u201d the report said.
\nBinance is the world\u2019s largest cryptocurrency exchange, but Binance.US lags Coinbase in the US market.\u00a0
\nCZ denied the report in an X post published the same day.\u00a0Trump also denied the report in a post on Truth Social, his social media platform.\u00a0
\n\u201cThe Globalist Wall Street Journal has no idea what they are doing or saying. They are owned by the polluted thinking of the European Union, which was formed for the primary purpose of \u2018screwing\u2019 the United States of America,\u201d the president wrote.
\nTrump\u2019s Jan. 18 memecoin launch and his ties to crypto firm World Liberty Financial have upturned norms for US presidents and raised concerns about potential conflicts of interest, experts have said.\u00a0
\nMagazine: Trump\u2019s crypto ventures raise conflict of interest, insider trading questionsRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBinance CEO Richard Teng denied reports that Binance.US was in deal talks with entities affiliated with US President Donald Trump during a March 18 panel at Blockworks\u2019 2025… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125335"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125335"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125335\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125335"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}