CZ Drops Bombshell: Binance CEO Claims Coinbase Sabotaged Trump’s Crypto Venture—Firm Fires Back

Binance's outspoken CEO Changpeng Zhao (CZ) just lobbed a grenade into crypto's regulatory trench war—accusing rival Coinbase of targeting Donald Trump's blockchain project. Coinbase shot back with a swift denial, but the damage might already be done.

The Allegation: Political Play or Business Warfare?

No evidence surfaced yet, but CZ’s tweetstorm suggests backroom maneuvers. Meanwhile, traders are placing bets on which exchange’s token bleeds more from the fallout—BNB or COIN.

Regulatory Déjà Vu

Washington’s crypto crackdown looks more like a game of whack-a-mole. SEC Chair Gary Gensler’s spreadsheet probably just got a new tab labeled ‘Exchange Drama.’

Closing Thought: Nothing unites crypto like a common enemy—except maybe shorting each other’s governance tokens.

A fresh controversy has erupted in the crypto world after Binance founder Changpeng Zhao (CZ) reposted a tweet accusing Coinbase of secretly working against both Binance and U.S. President Donald Trump’s crypto venture, World Liberty Financial.

The claim came from crypto influencer Matt Wallace, who said that new evidence shows Coinbase was the “anonymous” source behind negative reports targeting Trump’s project and Binance. According to Wallace, Coinbase executives feared that if TRUMP returned to power and offered a possible pardon to CZ, it could clear the way for Binance to re-enter the U.S. market.

As it stands, Binance remains the world’s largest cryptocurrency exchange, and a legal comeback in the U.S. could quickly reduce Coinbase’s market share. Wallace alleged that because of Coinbase’s higher trading fees and customer service issues, the company was worried it might lose ground to Binance if the playing field was leveled.

What’s raising eyebrows is the claim that Coinbase was willing to target Trump’s crypto initiative as part of its strategy to hurt Binance. Wallace called the alleged move “anti-American” and questioned whether Coinbase WOULD admit to these actions if proof surfaces.

Sorry— this is pure misinformation. We absolutely did not contribute to this story.

We don't attack competitors, and we welcome any businesses that share our goal of growing the crypto pie.

You should keep looking for an actual source. https://t.co/OoJIEVqntS

However, Coinbase quickly shot down these accusations. Paul Grewal, Chief Legal Officer at Coinbase, responded on social media, calling the claims “pure misinformation.” He wrote, “Sorry— this is pure misinformation. We absolutely did not contribute to this story. We don’t attack competitors, and we welcome any businesses that share our goal of growing the crypto pie.” Grewal added that anyone chasing the real source of the story should “keep looking.”