Binance Founder Zhao Reacts to WSJ’s Presidential Pardon Allegations: Dismissing Claims of Political Dealings with Trump!

A Wall Street Journal report has caused controversy by linking crypto executives with top political figures. Zhao, the founder of Binance, considers these claims misleading and says they attempt to damage Binance’s reputation. The Presidential pardon allegations have sparked intense reactions from politicians and community members. Some demand stricter oversight, while others criticize the media for biased reporting. This situation highlights deep divisions over the regulation of crypto markets and the role of media narratives in shaping public opinion.

Crypto and Politics: Binance Founder CZ Responds 

A WSJ crypto investigation Journal has alluded to connections between political figures and crypto executives. This report presents concerns about US regulations being compromised by officials. One of the main people named in this article was Binance founder Zhao, also known as CZ. However, since then, he has denied the accusations and has slammed the article for having no sources.

Wall Street Journal’s Claims on CZ: Fact or Fabrication?

The content of the WSJ article claims that CZ has asked for a presidential pardon from the Trump administration. Moreover, it is said that allegedly, this pardon will be compensated with a Binance US deal with the Trump family. Zhao has stated that he had no deals or negotiations that involved Binance or a possible pardon. He further criticized the Presidential pardon allegations and denied mixing business moves with political favors and influence. Changpeng Zhao denied these allegations in an X post, in which he also mentioned other points about WSJ’s article.

🚨 Trump family reportedly in talks to invest in Binance US!

Following Binance’s guilty plea, reports suggest Trump’s representatives explored a financial stake in the exchange. CZ denies any deal or pardon negotiations. Speculation is rising, what’s really happening behind the… pic.twitter.com/KUe6RvjdRV

— CryptoInsighPro (@VictorB39400) March 13, 2025

He claims that WSJ has contacted dozens of people and asked them about CZ’s alleged pardon deal. Based on his claims, the Wall Street Journal has been trying to create a narrative. “More than 20 people have told me they were asked by the WSJ (and other media), ‘Can you confirm that CZ made some deal for a pardon?’. He also stated WSJ probably had interviewed hundreds if 20 people had let him know about these questions. It was also stated that although he had not discussed any deals, as a felon, he would not mind one.

The ‘War on Crypto’ Continues: CZ Speaks Out

Based on CZ’s beliefs, the WSJ crypto investigation is a part of a bigger plan. This is because the media is trying to bring down the crypto industry and the Trump administration. He further implied that the political and regulatory crypto oppositions are behind these attacks. “The residual forces of the ‘war on crypto’ from the last administration are still at work,” he added. Changpeng Zhao closed his statement by restressing his commitment to Binance’s future initiatives and prospects.

This WSJ article claims that Binance had been people close to Trump and discussed a business deal with them. Allegedly, these efforts were part of a bigger plan for Binance to enter the US market once again. It is said that these efforts were caused by the worsening legal issues Binance was dealing with. This news riled up people from both sides. Elizabeth Warren, for example, criticized the inaction and asked for officials to fight such corruption. On the other hand, some believe the media is portraying the news with a biased view.

Regulation vs. Speculation: Clear Rules Protect the Industry

Greater transparency and accountability can prevent similar disputes from distorting public perception. Crypto leaders and regulators must develop compliance frameworks that separate business from political influence. Additionally, media organizations should ensure investigative integrity by relying on verifiable sources instead of speculation. Clear regulations will help prevent misinformation from shaping industry narratives; as such, this situation could determine future regulatory policies.