At the World Economic Forum in Davos, Binance founder Changpeng "CZ" Zhao addressed the rumors head-on: he has no business ties to President Trump or his family.
Despite receiving a presidential pardon in October 2025, #CZ insists there was no "behind-the-scenes" agreement. "There are no business relationships whatsoever," he told CNBC.
The Facts Behind the Rumors
The $2 Billion Payment: Critics pointed to a massive investment from an Abu Dhabi firm (MGX) paid in USD1, a stablecoin linked to the Trump family.
CZ’s Defense: He says the investor chose the currency, not him. "I just wanted to be paid in crypto to avoid dealing with banks," CZ explained.
Distance Maintained: Zhao revealed he hasn't even spoken to Trump. The closest he got was sitting 30 feet away in a crowded room at Davos.
Current Status: Though he is a pardoned man and remains Binance's largest shareholder, CZ is still barred from serving as CEO due to his previous legal settlement.
The Bottom Line
CZ argues that using a specific stablecoin is just a transaction—not a partnership. He remains focused on his role as a shareholder while keeping a clear distance from the White House.
