Main to remember
- Justin Sun said he has confidence in CZ after a Doj cooperation report against him.
- Binance negotiates with the American treasure to overcome federal surveillance after a guilt plea in 2023.
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Justin Sun, the founder of Tron, minimized the Wall Street Journal reports that the co-founder of Binance, Changpeng “CZ”, Zhao cooperated with the United States Ministry of Justice (DoJ) against him.
The report, which surfaced on April 11, allegedly alleged that CZ had agreed to provide proofs on the sun to prosecutors as part of its advocacy agreement for violation of anti-whitewashing laws. The MJ would have investigated Sun for alleged financial crimes under the Biden administration.
“I am not aware of rumors in circulation. CZ is both my mentor and a close friend – he played a crucial role while supporting me during my entrepreneurial trip.
The founder of Tron also underlined his close collaboration with the American authorities, saying that “the Ministry of Justice was one of the nearest and most reliable partners of T3FU. Together, we have collaborated on many cases aimed at protecting users from around the world. ”
Sun argued that his relationship with CZ and the Doj remains professional and transparent.
“Whether CZ or our partners at Doj, we maintain direct and honest communication at any time. I have fully confidence in each of them,” said Sun.
“They always try to use rumors to separate us, to divide us instead of uniting us. The crypto is already a small space – only by standing together, can we change everything! We need each of your votes! ” he noted in a separate declaration.
Earlier this week, CZ, who was recently appointed strategic advisor to Pakistan Crypto Council, said he had been informed of a future publication report that would focus on him.
Several people told me again that WSJ wrote another piece of baseless success on me. 4 😂
– CZ 🔶 BNB (@cz_binance) April 11, 2025
Binance Courts Trump binds in order to find us on foot, Stablecoin eyes treat with WLFI: WSJ
According to the survey of the Wall Street Journal citing familiar sources with the talks, the leaders of Binance met the US Treasury officials last month to put pressure for reduced federal surveillance, while the exchange of crypto continues a return to the American market.
Binance would have asked for the abolition of an American government monitor assigned to the supervision of the company’s compliance with the anti-white regulations, a condition of its $ 4.3 billion regulation with the DoJ in 2023.
The report also noted that Binance had discussions to list USD1, a new stablecoin published by World Liberty Financial (WLFI), the company DEFI supported by the Trump family.
Negotiations suggest an expansion alliance between Binance and the Trump family because the new administration indicates a friendly position towards the digital asset industry. The DoJ recently dissolved its unity of cryptographic crimes and has taken a surveillance break from businesses, corresponds to what internal memos call the aim of “putting an end to prosecution regulations”.
The WSJ reported last month that representatives of the Trump family explored to take advantage in Binance.us, and that CZ was looking for a presidential forgiveness.
CZ denied the report, describing allegations as attacks against the president and the cryptographic industry.
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