CZ Denies Trump Ties After Pardon, Pledges US Crypto Hub
Binance founder Changpeng Zhao (CZ) gave his first US interview on Fox News after receiving an unexpected pardon from President Trump, revealing his lawyers had applied for clemency in April. He denied any business ties with the Trump family, stating he met Eric Trump only once and labeling rumors of a joint venture as false. CZ accepted responsibility for past DOJ allegations of serving US customers without full compliance, saying Binance chose to resolve issues directly. He praised Trump’s shift toward pro-crypto policy and pledged to help the US become the capital of digital assets, highlighting Binance’s commitment to regulatory compliance and operational independence.
Neutral
The unexpected pardon and CZ’s denial of Trump ties address regulatory and reputational uncertainties around Binance, which is unlikely to drive immediate price moves. However, his acceptance of compliance responsibility and support for pro-crypto US policies could strengthen investor confidence and trading volumes over time. Hence, the news is neutral for near-term price impact but may have bullish undertones in the long run.