Binance CEO Richard Teng has categorically denied allegations that the cryptocurrency exchange influenced a reported $2 billion investment involving a stablecoin associated with the Trump family. According to recent reports, an Abu Dhabi-based firm utilized World Liberty Financial’s USD1 stablecoin for the substantial transaction with Binance. In an official statement, Teng clarified that Binance “did not partake” in the decision-making process regarding the selection of this particular stablecoin for the investment. The CEO emphasized that the choice of financial instruments rests solely with the investing entities, and Binance maintains a policy of non-interference in such decisions. This clarification comes amid growing scrutiny of cryptocurrency exchanges’ relationships with political figures and their associated financial ventures. Industry analysts note that while major exchanges often receive large investments through various digital assets, the provenance and political connections of these assets remain subject to market speculation and regulatory attention. The situation highlights the ongoing need for transparency in cryptocurrency dealings, particularly when involving politically-linked financial instruments and substantial capital movements.
