In a most delightful display of corporate theatrics, Binance CEO Richard Teng, with all the gravitas of a man discussing the weather, categorically denied any whispers of Binance.US engaging in clandestine negotiations with the illustrious Trump family. This revelation, or lack thereof, was delivered during a panel at the Blockworks’ 2025 Digital Asset Summit in New York on the 18th of March, a date that will surely go down in the annals of crypto history.
Mr. Teng, echoing the sentiments of Binance’s founder, the enigmatic Changpeng “CZ” Zhao, and the ever-controversial Trump himself, reiterated that the rumors were as substantial as a soufflé in a hurricane. “I believe both World Liberty Financial and CZ himself have tweeted and denied the reforms, right? So that there’s really nothing else to add,” he quipped, as if the matter were as trivial as a misplaced sock.
In a moment of clarity, Teng elucidated that Binance.US is, in fact, a separate entity, much like a distant cousin one only sees at family reunions. “US and dotcom are quite different animals, right? They have different set of shareholders, they have different board of directors and different CEO running the show,” he remarked, perhaps pondering the existential crisis of corporate identity.
Yet, in a twist worthy of a soap opera, Teng did extend a compliment to Trump, suggesting that Binance has, in some roundabout way, benefited from the president’s “pro-crypto” policies, despite their apparent estrangement from the US market. “Last year was a landmark year in that institutions are finally coming on board,” he declared, as if announcing the arrival of a long-lost relative.
“With President Trump coming out with both [a] strategic crypto reserve or asset stockpile, it will force governments around the world […] to look at this space quite seriously,” he added, with a flourish that would make any playwright proud.
In a stark contrast to his predecessor, Joe Biden, Trump has boldly proclaimed his ambition to transform America into the “world’s crypto capital,” appointing pro-industry leadership to key regulatory posts, as if he were assembling a dream team of crypto aficionados.
Potential Conflicts of Interest
According to sources who may or may not have been eavesdropping at the local café, The Wall Street Journal reported that CZ, who has a rather colorful history involving a brief stint in prison, has been lobbying for a pardon from the Trump administration. One can only imagine the dinner conversations!
“It is unclear what form the Trump family stake would take if the deal comes together or whether it would be contingent on a pardon,” the report mused, leaving us all on the edge of our seats, popcorn in hand.
While Binance reigns supreme as the world’s largest cryptocurrency exchange, Binance.US finds itself trailing behind Coinbase in the US market, much like a runner who forgot to lace up their shoes.
CZ, in a moment of social media bravado, denied the report in an X post, while Trump, ever the showman, took to Truth Social to declare, “The Globalist Wall Street Journal has no idea what they are doing or saying. They are owned by the polluted thinking of the European Union, which was formed for the primary purpose of ‘screwing’ the United States of America.” Ah, the drama!
Trump’s recent foray into the world of memecoins and his connections to World Liberty Financial have certainly turned the norms of presidential behavior on their head, raising eyebrows and concerns about potential conflicts of interest, as experts have been known to do.
Read More
- Invincible Season 4: What We Know About Release Date and Plot Speculation!
- MNT PREDICTION. MNT cryptocurrency
- KAS PREDICTION. KAS cryptocurrency
- EUR JPY PREDICTION
- FIL PREDICTION. FIL cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- Biden’s SEC to DeFi Founders: You’re Banned from Crypto—For Life!
- USD MXN PREDICTION
- ATOM PREDICTION. ATOM cryptocurrency
- IMX PREDICTION. IMX cryptocurrency
2025-03-18 22:34