CZ Zhao Denies Business Ties with Trump Family Amid Speculation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Coinmarketcap
- Clarification of Business Ties: CZ Zhao stated at the World Economic Forum that he has no business relationships with the Trump family, calling the claims a misunderstanding, aiming to dispel public concerns regarding his dealings with the Trump family's stablecoin.
- Stablecoin Transaction Context: Binance received a $2 billion investment from Abu Dhabi's MGX in March 2025, with MGX opting to use the USD1 stablecoin linked to Trump's family for payment, with Zhao emphasizing this does not imply any investment relationship with them.
- Legal Issues and Settlement: Zhao pleaded guilty in 2023 for allowing money laundering during his tenure as Binance CEO, resulting in a $4.3 billion settlement and his resignation, yet he remains a major shareholder, impacting corporate governance and public perception.
- Tokenized Stock Plans: Binance is looking to reintroduce tokenized stock trading, allowing users to invest in fractional shares of companies like Apple and Microsoft, aiming to bridge traditional finance with crypto while maintaining regulatory standards.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
