đ Binanceâs CZ Denies Business Ties With Trump Family
Binance founder Changpeng âCZâ Zhao clarified there are âno business relationships whatsoeverâ between him or Binance and former U.S. President Donald Trumpâs family, amid recent scrutiny tied to his presidential pardon and previous crypto industry dealings.
Key Facts:
âą CZ made the clarification during an interview at the World Economic Forum in Davos following his October 2025 presidential pardon.
âą The controversy arose from a $2âŻbillion investment Binance received in March 2025 from Abu Dhabiâs state-owned firm MGX, which used USD1, a stablecoin linked to Trumpâfamily crypto venture World Liberty Financial.
âą CZ explained that accepting USD1 as payment for an investment does not mean Binance or he had direct business ties with its issuer.
âą He also stressed he has not spoken directly with Trump and was merely âabout 30â40 feetâ from him and his family at a Davos event.
âą 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 Binanceâs 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.
#Binance #CZ #WorldEconomicForum #Blockchain #Regulation $USDC $USD1 $BNB
