Yeliz Akmaca 
- The Wall Street Journal shared information claiming that Binance CEO provided financial or strategic support to a Trump-backed cryptocurrency project.
- However, CZ stated that the information in the report was incorrect and clarified that the company is not involved in any such agreement or collaboration.
WSJ alleged that the Binance CEO was involved in a cryptocurrency deal connected to Trump. But CZ explicitly denied these claims on social media, stating he is not part of such a deal.
WSJ also claimed that financial or strategic support was provided to the crypto project. The reports suggested CZ played an active role in the project and that this could impact crypto markets. However, CZ denies any role in brokering deals for World Liberty Financial, a crypto project linked to Trump’s close circle. CZ emphasized that Binance operates under principles of transparency and reliability. He also highlighted that misleading news can have serious consequences. He clearly stated the allegations are unproven and baseless.
Another hit piece from Wall Street Journal. WSJ instead of doing journalism, has pretty much resorted to Cunningham’s Law, with negative intentions.
"Cunningham's Law: The best way to get the right answer on the Internet is not to ask a question; it's to post the wrong answer."…
— CZ 🔶 BNB (@cz_binance) May 23, 2025
These allegations caused short-term fluctuations in crypto markets. However, CZ’s quick and clear denial reduced uncertainty in the markets. Binance shares only its current strategies and projects on official social media accounts.
Binance’s Regulatory Compliance and Market Trust
Being associated with such claims is closely monitored by market participants for major companies and CEOs like Binance. As one of the most influential players in the sector, Binance continues to maintain market trust and transparency. CZ’s statements are an important indicator of this stance. Additionally, Binance obtains licenses in multiple countries to comply with global regulatory environments and actively manages compliance processes. The company increases technological investments to prevent financial crimes and protect customers. With these steps, crypto exchange aims to operate legally.
CEO Changpeng Zhao clearly denied WSJ’s allegations about a Trump-backed crypto deal. This was an important development for both the company and crypto markets. Clarifying false claims prevented speculation and strengthened crypto exchange position in the sector. Investors continue to closely follow official statements and reliable news sources.
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