Changpeng Zhao (CZ), the founder and former CEO of Binance, has denied rumors of Trump family talks regarding acquiring a stake in Binance US.
The Wall Street Journal reported negotiations between representatives of the Trump family and Binance's US arm, which CZ has refuted in a recent post on social media.
Bloomberg had previously reported discussions between the Trump family's project and Binance, suggesting potential collaboration for a US dollar-backed stablecoin.
Binance faced challenges with legal issues in the US, including charges from the Department of Justice and a settlement of $4.3 billion in 2023, with CZ stepping down as CEO.