Binance’s CZ and Justin Sun Deny WSJ Allegations of Collusion with Trump Allies

In a recent development, Binance’s former CEO Changpeng Zhao (CZ) and TRON founder Justin Sun have publicly refuted allegations made by The Wall Street Journal (WSJ). The WSJ claimed that both figures collaborated with Trump allies and U.S. officials to alleviate regulatory pressure and promote their cryptocurrency ventures. CZ took to social media to vehemently deny the accusations, suggesting potential foul play by insinuating that WSJ employees might have been bribed to tarnish his reputation. Justin Sun echoed similar sentiments, standing in solidarity with CZ. The controversy highlights the ongoing tension between crypto industry leaders and mainstream media, as regulatory scrutiny around digital assets continues to intensify. Both CZ and Sun have faced regulatory challenges in the past, but they maintain their innocence in this latest allegation. The crypto community watches closely as this story unfolds, with implications for trust in media and the future of cryptocurrency regulation.

Justin Sun and CZ Slam WSJ for Fabricated Story

Justin Sun and Binance’s CZ have publicly denied allegations made by The Wall Street Journal (WSJ) that they worked behind the scenes with Trump allies and U.S. officials to reduce government pressure and boost their crypto businesses. CZ posted on an unknown platform accusing WSJ of forgetting who went to prison and who didn’t, implying that he did not and someone might have paid WSJ employees to smear him. Justin Sun also posted, showing solidarity with CZ. CZ had served four months in prison last year after pleading guilty in a major U.S. case but is still running Binance’s empire.

3 Bullish Signs for Bitcoin as BTC Hits $85K

Bitcoin recovered $10,000 since its weekly low and now aims at $95,000, but it needs to overcome a crucial resistance first. Massive spot buying on Binance is among the factors that could propel another rally. The primary cryptocurrency, alongside the rest of the crypto industry and every financial market, was significantly impacted by the Trade War initiated by US President Donald Trump in the past few weeks. Popular crypto analyst Ali Martinez noted that Binance traders went on a buying BTC spree.