Binance CEO CZ has denied reports that Donald Trump's family is going to buy Binance US. While discussions are ongoing about the Trump family possibly acquiring Binance US or becoming shareholders, it was also mentioned in the Wall Street Journal that former CEO CZ had requested a pardon from Donald Trump.
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However, CZ has denied the validity of these reports, stating that the Wall Street Journal's article seems to pit the president against crypto and that the 'leftover' issues from the 'crypto war' during the Biden administration still persist.

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Historical narrative

CZ admitted that he failed to address the money laundering issues at his ownedBinanceexchange and after serving 4 months in prison in the US, the court ruled that he would no longer be allowed to participate in important management areas at Binance. If the request for a pardon is granted, CZ might be able to return as CEO at Binance.
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Moreover, if Donald Trump and his associates are involved in Binance US, it could allow Binance US to compete with US-based exchanges and regain its competitive edge.
However, since CZ has denied the validity of these reports, opportunities to witness major events are lost.
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