Binance’s CZ Denies Bloomberg Claims Linking Him to Trump-Backed USD1 Stablecoin, Suggests Possible Legal Action

Key Points

1. Bloomberg alleged that CZ was linked to the USD1 stablecoin issued by Trump-associated World Liberty Financial (WLF) and sought a presidential pardon after a $2B transaction involving Binance.

2. CZ refuted the claims, calling them 'factual errors' and hinted at possible legal action against Bloomberg.

3. CZ previously pleaded guilty to a felony charge in 2023 as part of a U.S. settlement, adding context to the scrutiny around his activities.

4. U.S. lawmakers are advancing crypto-related legislation, such as the GENIUS Act, which regulates payment stablecoins.

5. CZ has also disputed reports from other major outlets like the Wall Street Journal, highlighting ongoing media conflicts.