Binance Denies Political Motives Behind Trump Family Crypto Links After CZ Pardon

Binance is pushing back against fresh allegations from U.S. lawmakers accusing the crypto exchange of supporting Trump family-linked projects such as World Liberty Financial (WLFI) and its native stablecoin, USD1. The accusations surfaced shortly after the Trump administration granted a prison pardon to Binance founder Changpeng Zhao (CZ) on October 23. Lawmakers, including Senator Chris Murphy, have criticized Binance for what they describe as political favoritism. However, the exchange insists that its recent token listings are “purely business decisions” with no political agenda.

Senator Murphy claimed Binance began “promoting Trump crypto” merely days after CZ’s pardon, calling it an example of corruption tied to the Trump administration. Binance responded that all listings, including USD1 and WLFI, undergo “comprehensive due diligence and legal review.” The company highlighted that these tokens are already traded on over 20 major platforms—among them Coinbase, Kraken, and Robinhood—emphasizing that their inclusion on BinanceUS was a standard commercial decision rather than a political endorsement.

The exchange expressed concern that “routine business actions” are being politicized, pointing out that it has always adhered to compliance and transparency standards. Meanwhile, Binance founder CZ has filed a defamation lawsuit against Senator Elizabeth Warren following separate allegations of fraud.

According to a Wall Street Journal report, representatives of Zhao allegedly held discussions with Trump allies around the election period to resolve Binance’s U.S. legal troubles, potentially through a partnership with the Trump family’s crypto venture. While these talks reportedly aimed at easing regulatory pressures, CZ has denied any plans to return to Binance. Despite the growing political storm, Binance maintains that its partnerships are guided by market viability, not politics.