Binance CEO Richard Teng Dismisses Rumors of Trump Deal Negotiations
Binance CEO Richard Teng confirmed that there are no ongoing discussions between Binance.US and the Trump family regarding a stake acquisition. This follows a previous report from the WSJ suggesting such talks, which both Binance founder Changpeng Zhao (CZ) and Teng have denied.
Teng stated:
“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.”
He emphasized that Binance.US operates independently from Binance's global operations, with distinct shareholders and management.
Pro-Crypto Policies of Donald Trump
Teng praised President Donald Trump's pro-crypto policies, suggesting they could positively impact the global crypto community, despite Binance not operating in the U.S. He noted:
“Last year was a landmark year in that institutions are finally coming on board. With President Trump coming out with both [a] strategic crypto reserve or asset stockpile, it will force governments around the world […] to look at this space quite seriously.”
Additionally, Binance trails behind Coinbase in the U.S. market through Binance.US. Sources indicate that CZ has been lobbying for a pardon from the Trump administration after serving time in prison. Trump is also involved in the crypto sector with the launch of his TRUMP meme coin and the DeFi project World Liberty Financial, which invested $350 million in crypto but saw its TRUMP coin lose over $12 billion in early March 2025.