Wall Street Journal published a report stating that Binance executives met with US Treasury officials to discuss crypto regulatory oversight and negotiate for their re-entry into the US market. In return, Changpeng Zhao (CZ) would provide the US DoJ executives with evidence related to Tron founder Justin Sun. Responding to it, Sun said that he sees CZ as his mentor and that he has nothing to hide from the authorities.
Justin Sun Addresses Rumors, Affirms Trust in Binance CEO
Responding to the circulating rumors, Tron founder Justin Sun emphasized his strong ties with Binance CEO Changpeng Zhao (CZ) and the U.S. Department of Justice (DOJ). In a message on the X platform, the Tron founder wrote:
“CZ is both my mentor and a close friend—he has played a crucial role in supporting me during my entrepreneurial journey”.
Sun praised Zhao’s leadership and ethics, calling them “the highest standard I strive to follow as a founder. He also highlighted TRON’s collaborative relationship with the DOJ, describing the department as “one of T3FCU’s closest and most trusted partners”.
The Tron founder assed that the joint efforts between the two parties have focused on protecting global users through various cases. “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 affirmed.
Additionally, Justin Sun said that he’s very optimistic about favourable crypto policy initiatives under U.S. President Donald Trump. Also, sharing optimism about TRON’s prospects, stating, “As the President’s earliest crypto choice, TRX is set to be one of the beneficiaries of this success. ALL IN USA!”
Is WSJ On A Hit Job Against CZ?
Just ahead of the WSJ report, Binance chief Changpeng Zhao shared on X platform, exposing the media platform. He wrote: “Multiple people have told me again WSJ is writing another baseless hit piece about me”.
Last month, a WSJ report also stated that the Trump family was eyeing a stake deal in Binance.US, in return for pardoning CZ from his prison term. CZ later denied the allegations, calling them baseless.
In another development on Friday, the U.S. Securities and Exchange Commission (SEC) and Binance jointly requested a federal judge to extend the pause in their ongoing legal case by an additional 60 days.
The motion comes after both parties described recent talks as “productive discussions,” with the extension intended to allow more time for continued deliberations and potential resolution.
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