Former Binance CEO Changpeng Zhao has dismissed reports of a secret deal involving the crypto exchange while also defending former U.S. President Donald Trump against political criticism related to cryptocurrency policies.
Zhao, who stepped down as Binance’s chief executive amid regulatory challenges, took to social media to refute allegations that the company had engaged in undisclosed agreements. While details of the claims remain unclear, he insisted that no such deals had taken place and reaffirmed Binance’s commitment to transparency.
In addition to addressing Binance-related speculation, Zhao commented on Trump’s stance on crypto, suggesting that the former president’s policies could be beneficial for the industry. Trump has recently expressed more openness toward digital assets, contrasting with the current administration’s stricter regulatory approach.
Zhao’s remarks come at a time when the cryptocurrency industry is closely watching the political landscape in the U.S., particularly as regulations continue to evolve. His defense of Trump highlights the growing intersection between politics and crypto, with industry leaders weighing in on potential policy shifts that could impact the market.
