Binance Founder Denies Ties to Trump-Linked Crypto Project Amid Political Controversy

Binance founder Changpeng Zhao (CZ) has publicly denied allegations linking him to World Liberty Financial (WLF), a cryptocurrency firm associated with Donald Trump’s family. The Wall Street Journal initially reported that Zhao played a behind-the-scenes role in facilitating WLF’s operations during international visits. CZ dismissed these claims as politically motivated, emphasizing his non-involvement with the project. The controversy highlights the intersection of cryptocurrency and political narratives, with Binance—one of the world’s largest crypto exchanges—facing heightened scrutiny. As of May 2025, the situation underscores the challenges crypto leaders face in navigating regulatory and media landscapes while maintaining trust in the industry.

Binance Founder Denies Involvement in Trump-Linked Crypto Project Amid Controversy

Binance founder Changpeng Zhao has publicly refuted allegations connecting him to World Liberty Financial (WLF), a cryptocurrency firm associated with Donald Trump’s family. The claims, originally reported by the Wall Street Journal, suggested Zhao played a behind-the-scenes role in facilitating WLF’s operations during international visits.

Zhao dismissed the report as politically motivated, stating his meeting with a Pakistani official referenced in the article was their first encounter. The controversy emerges as WLF has reportedly raised over $600 million, blurring lines between diplomatic engagements and private crypto fundraising.

Meanwhile, Bitcoin continues its record-breaking performance, with analysts suggesting the current rally may still have significant upside potential. The market’s momentum appears undeterred by regulatory scrutiny surrounding high-profile industry figures.

BNB Climbs 5% Amid Ecosystem Growth as Ruvi AI Debuts on First Exchange

Binance Coin (BNB) continues its upward trajectory, rising 5% this week to $672—a 10.22% monthly gain—bolstered by the Maxwell hard fork and expanding adoption of Binance Smart Chain. The network’s technical upgrades reinforce BNB’s dominance among utility tokens.

Meanwhile, Ruvi AI (RUVI) enters the spotlight with its maiden exchange listing. The project aims to disrupt decentralized AI by merging blockchain infrastructure with machine learning capabilities, though technical details remain undisclosed. Market observers note growing appetite for AI-crypto hybrids amid BNB’s steady performance.