Key takeout
- Justin Sun said he trusted CZ after reporting DOJ’s cooperation with him.
- Binance is negotiating with the US Treasury Department to overcome federal surveillance after a 2023 guilty plea.
Tron founder Justin Sun has downplayed a report from the Wall Street Journal that Binance co-founder Changpeng “CZ” Zhao worked on him with the US Department of Justice (DOJ).
The report, which surfaced April 11, alleged that CZ agreed to provide evidence regarding the sun to prosecutors as part of a plea deal that violated the anti-money laundering law. The DOJ reportedly investigated the Sun due to suspected financial crimes under the Biden administration.
“I don’t know about the rumours of circulation. CZ is my mentor and close friend. He has played an important role in supporting me during my entrepreneurial journey. To this day, his actions and principles remain at the highest standards he strives to follow as a founder.” It is listed.
The Tron founder also emphasized his close cooperation with US authorities, saying, “The Department of Justice is one of T3FCU’s closest and most trusted partners. Together, he has worked together in many cases aimed at protecting users around the world.”
Sun argued that the relationship between CZ and DOJ remains professional and transparent.
“Whether it’s a CZ or a partner at DOJ, we always maintain direct and honest communication. I fully trust each and every one of them,” Sun said.
“They try to drive us to separate us rather than using rumors all the time. The code is already a small space. You can stand together and change everything! He pointed out in another statement.
Earlier this week, the latest CZ Appointed Strategic Advisor To the Pakistan Crypto Council, I said He had been informed of future reports from publications focusing on him.
Several people told me again. WSJ writes another unfounded hit about me. 4😂
– CZ🔶BNB (@CZ_BINANCE) April 11, 2025
Vinanence Court bids to regain our footing, Trump’s connection, eye deals with contracts with WLFI: WSJ
According to a study by the Wall Street Journal, who is well-versed in consultations, Binance executives met with US Treasury officials last month to call for a reduction in federal oversight as Crypto Exchange pursues a return to the US market.
Binance reportedly requested the removal of the US government monitors assigned to oversee compliance with the company’s anti-money laundering regulations. $4.3 billion settlement With DOJ in 2023.
The report also noted that it is a discussion listed by Binance. USD1 is a new Stablecoin issued by World Liberty Financial (WLFI), a Trump-backed Defi venture.
The negotiations suggest a rapidly expanding alliance between Binance and the Trump family, as the new administration shows a friendly stance towards the digital asset industry. DOJ recently dissolved its crypto crime unit, suspending corporate surveillance, moving in line with what internal memos call the goal of “end of regulations by the prosecutor.”
Last month, the Trump family representatives were Exploring the stake in Binance.us, CZ had sought a presidential pardon.
CZ He denied the report and described the allegations as an attack on both the president and the crypto industry.
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