Binance Founder CZ Addresses Trump-Related Controversy
- Changpeng Zhao, former CEO of Binance, denied any business relationship with the Trump family.
- Zhao was granted a pardon by President Trump in October 2025, sparking scrutiny from Democratic lawmakers.
- A $2 billion investment in Binance by MGX, using USD1 stablecoin from World Liberty Financial, raised questions about political connections.
- Zhao stated that the payment method was chosen by the investor and not indicative of deeper ties.
- Binance hired a lobbying firm for $450,000 to engage with US government departments on digital asset policies.
The controversy surrounding Binance’s alleged political ties intensified after Zhao’s pardon by President Trump. Despite claims of connections through investments and lobbying efforts, Zhao maintains there are no direct business relationships with the Trump family or involvement in the pardon process.
Zhao emphasized that Binance’s dealings were misinterpreted and clarified that MGX chose to invest using USD1 stablecoin independently of Binance’s influence. (Source)
