CZ Retweets Claims Coinbase Behind Bloomberg’s Trump Stablecoin Report

Co -founder of Binance and former CEO of ChangPeng “CZ” Zhao reposted Tweet and claimed that Coinbase was a “anonymous” source for Bloomberg’s report focused on Trump’s crypt project, World Liberty Financial and Binance.

In Sunday’s post for X, Krypto commentator Matt Wallace claimed that Coinbase executives were afraid of potential mercy for Zhao and Binance’s return to the US market would endanger their market share and make efforts to undermine competitors.

“Binance is a crypto exchange in the world No. 1,” Wallace wrote, warning that Binance’s return with full legal status could seriously damage Coinbase’s business.

“Most shocking is that Coinbase would focus on President Trump in an effort to hurt their competition. This is an anti-American!

Zhao Retweet the post without confirming it or rejecting it. Cointlegraph addressed both binance and coinbase to comment, but did not receive the answer.

Related: “Is that real?” Cz questions ton’s sae gold visa because the sources of gov’t remain quiet

Binance associated with Trump’s USD1 Stablecoin

Bloomberg’s report claimed Binance has developed an intelligent USD contractStablecoin published by World Liberty Financial, associated with former President Donald Trump.

The report also claimed that Zhao asked for presidential forgiveness shortly after USD1 Used in a shop of $ 2 billion involving the investment of the UAE fund in Binance. He noted that more than 90% of USD1 tokens remain in Binance wallets and potentially generates tens of millions of annual interest income.

Sunday, Zhao called an article “Hit Piece (sponsored by competitor)” full of “so many factual mistakes” that “does not even know where to start”. He added, “Maybe he will have to sue them for defamation.”

Related: Binance binding to the Kenyan crypt plate increases monopoly concerns: message

Zhao is looking for presidential forgives

Zhao confessed to one criminal number As part of the settlement with the US authorities in 2023. Although he has already served in prison for four months, he said in May that he was I am looking for presidential grace from Trump. Such grace could potentially allow Zhao to return to a managerial or surgical role in the American cryptometer.

Meanwhile, Zhao has been busy since his release. 4th April said yes Start advising Kyrgyzstan Regulation related to blockchain and crypt after signing a memorandum of understanding with a foreign investment agency of the country.