Richard Teng dismissed speculation that Binance.US was negotiating with Trump-linked firms, insisting the US arm operates independently from its global counterpart.
Binance CEO Richard Teng has reiterated that Binance is not in deal talks with business entities linked to US President Donald Trump.
Speaking at the Blockworks 2025 Digital Asset Summit, Teng dismissed reports that Binance. US was considering selling an equity stake to Trump-affiliated firms, including World Liberty Financial.
His statement echoed denials from both Binance’s founder, Changpeng ‘CZ’ Zhao, and Trump.
Teng emphasised that Binance.US operates independently from its global counterpart, highlighting differences in shareholders, governance, and leadership.
Despite not directly operating in the US, he praised Trump’s pro-crypto stance, stating that Binance has benefited from policies supporting institutional adoption of digital assets.
He also noted that Trump’s push for a national crypto reserve could prompt other governments to take the sector more seriously.
The Wall Street Journal had reported that CZ was seeking a pardon from the Trump administration, suggesting a potential conflict of interest if a deal were struck.
Both CZ and Trump refuted the claims, with Trump dismissing the report as politically motivated. His recent involvement in crypto, including the launch of a meme coin and ties to World Liberty Financial, has sparked debate over presidential ethics and industry influence.
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