According to a report from The Wall Street Journal, sources close to the matter revealed that a year ago, a representative of former President Donald Trump’s family negotiated to purchase shares of Binance US, a subsidiary of Binance operating in the United States, through World Liberty Financial, a cryptocurrency investment firm associated with the Trump family.
The report suggests that one of the factors behind this negotiation was Binance’s desire for Trump to pardon Changpeng Zhao, also known as CZ, the founder and former CEO of Binance, in a case related to money laundering allegations. CZ had served a 4-month prison sentence and has since been released on the condition of not holding any executive positions at Binance for life.
However, CZ refuted the claims in a post responding to the aforementioned report, confirming that the negotiations regarding Binance US never took place. He believes that the news report was aimed at attacking the cryptocurrency industry and the former President more than anything else, but he remains open to the widespread adoption of cryptocurrencies.
Source: The Wall Street Journal
TLDR: The Wall Street Journal article inaccurately reported negotiations between Donald Trump’s family representative and Binance US, with CZ denying any deal for a pardon and criticizing the media’s intentions.
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