Binance News: CZ Denies Deal Rumors with Trump Family, Labels It as Smear Campaign

Recent reports have sparked controversy in the crypto market, suggesting that the Trump family was in talks to acquire a stake in Binance U.S. However, the former CEO of Binance, Changpeng Zhao (CZ), has released a statement denying these claims, calling it a smear campaign.

CZ Denies Trump-Binance US Deal Claims, Calls It Smear Campaign

U.S. President Donald Trump has been the center of controversy, particularly in the crypto market. Reports indicated that Trump and his family were seeking a share in Binance U.S. The Wall Street Journal claimed that a deal was in the works to give the Trump family a stake in Binance U.S. However, former Binance CEO Changpeng Zhao (CZ) released a statement denying these claims, stating that Binance U.S. does not have such a deal with Trump or any other party. CZ suggested that the reports may be part of a smear campaign against Trump and the crypto community.

QUAI Hits 6M Transactions, Eyes Binance Listing

The QUAI community is pushing for a Binance listing to boost visibility and liquidity. Quai Network, a multi-layered blockchain platform, has reached a milestone of 6 million transactions, showcasing its scalability. The network’s innovative Proof-of-Entropy-Minima (PoEM) consensus enables over 50,000 transactions per second, with blocks produced nearly every 1.1 seconds. This merge-mined network of blockchains is designed for high throughput and could be a game-changer for crypto adoption.