Binance CEO Denies Trump Family Deal Talks Amid Praise

In a recent statement, Binance CEO Richard Teng firmly denied reports suggesting that Binance.US was engaged in discussions regarding a potential deal with entities linked to former President Donald Trump. This assertion was made during a panel discussion at Blockworks’ 2025 Digital Asset Summit held in New York on March 18.

Clarification on Deal Talks

On March 13, The Wall Street Journal reported that Binance.US, which operates independently as a US cryptocurrency exchange, was exploring the possibility of selling an equity interest to businesses affiliated with Trump. This included a potential deal with World Liberty Financial, a decentralized finance (DeFi) project associated with the Trump family. However, Teng clarified, “I believe both World Liberty Financial as well as CZ himself have tweeted and denied the reforms, right? So that there’s really nothing else to add.”

Understanding the Differences

During the summit, Teng elaborated on the operational differences between Binance.US and its global counterpart, stating, “US and dotcom are quite different animals, right? They have different sets of shareholders, they have different boards of directors, and different CEOs running the show.” This distinction is crucial in understanding the independent operations of Binance.US, especially in light of the regulatory landscape in the United States.

Praise for Trump’s Pro-Crypto Policies

Despite the denial of any deal talks, Teng did not shy away from praising Trump’s administration for its pro-crypto stance. He noted that Binance has benefited from the former president’s policies, which have been more favorable towards cryptocurrency compared to those of his predecessor, Joe Biden. Trump has expressed his ambition to position America as the “world’s crypto capital” and has appointed individuals supportive of the cryptocurrency industry to key regulatory positions.

Trump’s Critique of the Media

In a related statement, Trump criticized The Wall Street Journal, referring to it as the “Globalist Wall Street Journal” and claiming that it lacks understanding of the cryptocurrency landscape. He stated, “They are owned by the polluted thinking of the European Union, which was formed for the primary purpose of ‘screwing’ the United States of America.” This comment reflects the ongoing tension between the former president and mainstream media outlets, particularly regarding their coverage of cryptocurrency and financial markets.

Insights from the 2025 Digital Asset Summit

The 2025 Digital Asset Summit served as a platform for industry leaders to discuss the evolving landscape of blockchain and cryptocurrency. Attendees gained valuable insights into key business trends, from startup innovations to regulatory shifts. The summit highlighted the importance of navigating the market effectively to identify financial opportunities.

Weekly Snapshot of Key Business Trends

For those interested in staying updated on the latest developments in blockchain and crypto, a weekly snapshot of key business trends is essential. This includes insights into startup buzz, regulatory changes, and market dynamics. By keeping abreast of these trends, investors and industry participants can better position themselves to capitalize on emerging opportunities.

In conclusion, while the Binance CEO has denied any discussions regarding a deal with Trump-affiliated entities, his acknowledgment of the positive impact of Trump’s policies on the cryptocurrency industry underscores the complex relationship between politics and finance. As the landscape continues to evolve, staying informed will be crucial for navigating the future of digital assets.