US EditionBinance CEO Denies Allegations Company Pushed Trumps’ Stablecoin: Report
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Cryptocurrency News | Cryptocurrency Prices | Market CapBinance CEO denies allegations company pushed Trumps’ stablecoin: Report
Binance CEO Richard Teng spoke to CNBC to address allegations of “pay to play” politics after US President Donald Trump pardoned Changpeng Zhao.
Binance CEO denies boosting Trump crypto venture ahead of pardon
The incident highlights potential ethical concerns and conflicts of interest in the intersection of politics and the cryptocurrency industry. The post Binance CEO denies boosting Trump crypto venture ahead of pardon appeared first on Crypto Briefing.
Binance CEO Denies Investing In Trump-Backed Stablecoin Through WLF For CZ’s Pardon
Binance CEO Richard Teng has trashed the claims that the company contributed nearly $2 billion to US President Donald Trump’s crypto venture, in exchange for Changpeng Zhao’s very recent pardon. Binance Founder CZ admitted to a Bank Secrecy Act violation in 2023, linked to Binance’s weak anti-money laundering controls. He received a four-month sentence in April 2024. He was released from prison that September. Binance later agreed to pay $4.3 bi…
Binance Executive Director Richard Teng has strongly denied any involvement of the company in the development or promotion of the USD1 stable currency associated with Donald Trump. The statements follow an article in the Wall Street Journal that links Binance to the financing of a multimillion dollar operation in Abu Dhabi that allegedly sought to influence U.S. policy.
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