Former Binance CEO Changpeng “CZ” Zhao has just performed a magic trick – he managed to simultaneously deny a pardon deal with WLFI, and prove that not every scandal in crypto is worthy of a dedicated hashtag.
After weeks of being the swirl of wild online chatter, CZ is finally waving his magic wand and clearing up the rumors about a presidential pardon from Donald Trump. Oh, the things the internet will eat up. CZ is simply saying no deal was made, shattering those rumors into bits (and bobs and cha-chings). 🤯
CZ & Teng: “That’s a Myth”
Zhao, alongside the ever-graceful Binance helmsman, Richard Teng, has popped out to tell everyone that backing the Trump-linked crypto venture was never a condition for a pardon. “That’s us, not playing quid pro quo 4eva,” they say, with all the earnestness you’d expect from a British nanny at Christmastime.
Related Reading: Crypto News Today: Binance Whispers Sweet Nothings about Trump Family Ventures | Live Bitcoin News
Interestingly, CZ confided in an interview that he’d had coffee (well, tea…) with Eric Trump once. It was a Bitcoin conference-and, spoiler alert, there was no secret handshake or hush-hush promises made. Apparently, CZ is more interested in managing his money than his presidential pardon portfolio.
He busts out his best Kimmy Schmidt impression saying, “That’s totally wrong.” He adds, “There was no deal on the table.” Cue confetti, because this is as slam-dunk as it gets. He’s like, “I didn’t even know WLFI from Adam.”
For those who thought this was an Avengers crossover with our former Commander-In-Chief, rest assured Trump is just as confused. He says he hasn’t seen CZ since their travels in ’03 Heidi 911. Trump added, “The pardon came on a recommendation from a bunch of really nice people,” in a move that would charm even the grumpiest of grannies.
Voilà , here come the legislative dynamics like a school bell in the 4th period of Congress. Just in time for year-end gifts, they’re cramming for a digital asset market structure bill that everyone (lingering about bots aside) is hoping will pass before the end of the year. It’s almost as hopeful as the scene where Barry learns to dance in Flash.
Trump’s Take and Binance’s Buisness Moves: Taking a Stand or Just Saying So?
Teng, ever the diplomat, clarifies that the USD1 stablecoin wasn’t some brainchild of Binance. It was MGX’s choice entirely. Apparently, the folks at Binance are all about the “no worries” approach when it comes to such decisions.
Meanwhile, the Capitol Hill grind mill is running overtime over something called DeFi guardrails (read: the ultimate cryptic “what should we have for tea?” debate). Democrats and Republicans are surprisingly playing nice over this hot ticket, and even surprising themselves by finding common ground.
Crypto’s Crystal Ball: Regulations, Regulations, Regulations!
Should this newfangled digital asset market structure bill cheerfully make its way through Congress, it promises to sweep away a lot of the regulatory confusion (think less tangle, more clarity). If the stars align, more institutions might be keen to join the cryptocurrency dance party.
So, to wrap this messy narrative up: CZ says no deal was made, Trump is owning the “I don’t know him” persona, and Congress is on the brink of whatever happens with their crypto bill. It’s like musical chairs-if one of those chaired players understands what crypto truly is, they might just win a golden golden chair. 🏅
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2025-11-08 09:00