Binance has drawn renewed attention after reports emerged that its executives met privately with officials from the US Treasury in March.
The meetings, first reported by The Wall Street Journal, allegedly focused on easing regulatory pressure as the exchange seeks a fresh path into the American market.
Zhao Denies Report Linking Him to Investigation Into Justin Sun
This development follows Binance’s $4.3 billion settlement with the US Department of Justice in 2023, which centered on past violations of anti-money laundering laws.
Meanwhile, speculation is mounting that former Binance CEO Changpeng Zhao may be cooperating with US authorities—potentially in investigations related to TRON founder Justin Sun.
While no official confirmation has surfaced, the idea of Zhao assisting in a case against Sun has raised eyebrows. Sun has previously faced scrutiny over alleged securities violations and financial misconduct.
Zhao, however, has dismissed the WSJ article as sensationalist, suggesting it was crafted to generate clicks. He also hinted at fresh lobbying efforts against Binance but did not elaborate.
“Multiple people have told me again WSJ is writing another baseless hit piece about me,” Zhao stated.
In response, Justin Sun released a statement denying any wrongdoing. He emphasized that his communications with US authorities have remained open and cooperative.
“The US Department of Justice has been one of T3FCU’s closest and most trusted partners. Together, we’ve collaborated on numerous cases aimed at protecting users around the world. Whether it’s CZ or our partners at the DOJ, we maintain direct, honest communication at all times. I have full trust in each and every one of them,” Sun stressed.
Sun also underscored his confidence in Zhao’s leadership and the potential for US crypto policy to evolve under a more supportive regulatory environment.
“CZ is both my mentor and a close friend—he has played a crucial role in supporting me during my entrepreneurial journey. To this day, his conduct and principles remain the highest standard I strive to follow as a founder,” Sun stated.
Binance Eyes Stablecoin Partnership With WLFI
In a separate but equally notable move, Binance is reportedly exploring a partnership with World Liberty Financial (WLFI), a decentralized finance project said to have ties to President Donald Trump’s family.
At the center of the talks is the DeFi venture’s recently released stablecoin called USD1, which WLFI aims to list on Binance.
If the deal goes through, it could mark a significant strategic gain for both parties. WLFI would secure a global platform for USD1, while Binance could regain political goodwill as it eyes reentry into the US market.
Market analysts say Binance’s infrastructure could fast-track USD1’s adoption, particularly as stablecoin demand grows amid shifting US regulations.
Moreover, the move may also position WLFI to challenge stablecoin leaders like Tether (USDT) and Circle (USDC), potentially reshaping the competitive landscape of dollar-backed digital assets.
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