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Binance CEO dismisses claims the firm boosted a Trump crypto venture ahead of CZ pardon

Binance.US says the listing of Trump family-backed tokens followed thorough due diligence, rejecting claims of a quid pro quo tied to Changpeng Zhao's 2023 presidential pardon.

  • Binance CEO Richard Teng has dismissed claims that the cryptocurrency exchange helped boost a Trump-backed stablecoin before former CEO Changpeng Zhao received a presidential pardon.
  • Sen. Elizabeth Warren, ranking member of the Senate Banking Committee, has accused Binance and the Trump administration of corruption over Zhao's pardon and Binance's ties to the Trump-linked World Liberty Financial.
  • MGX's $2 billion purchase of USD1 tokens, facilitated by Binance, raised concerns as it occurred before a major U.S.-U.A.E. microchip deal, according to reports.
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Benzinga broke the news in New York, United States on Thursday, October 30, 2025.
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