🟠 Binance’s CZ Denies Business Ties With Trump Family
Binance founder Changpeng “CZ” Zhao clarified there are “no business relationships whatsoever” between him or Binance and former U.S. President Donald Trump’s family, amid recent scrutiny tied to his presidential pardon and previous crypto industry dealings.
Key Facts:
• CZ made the clarification during an interview at the World Economic Forum in Davos following his October 2025 presidential pardon.
• The controversy arose from a $2 billion investment Binance received in March 2025 from Abu Dhabi’s state-owned firm MGX, which used USD1, a stablecoin linked to Trump‑family crypto venture World Liberty Financial.
• CZ explained that accepting USD1 as payment for an investment does not mean Binance or he had direct business ties with its issuer.
• He also stressed he has not spoken directly with Trump and was merely “about 30–40 feet” from him and his family at a Davos event.
• The denial comes as critics continue to question whether the pardon was influenced by political or business interests.
Expert Insight:
CZ is pushing back to separate Binance’s global crypto operations and regulatory achievements from political narratives. His comments aim to reassure investors and regulators that Binance remains focused on compliance and transparency.
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