Coinbase Denies Bombshell Claim it Fueled Trump-Binance Hit Piece
2025-07-14 17:17:49
Main Idea
Allegations about Coinbase executives' concerns over a potential pardon for Binance's former CEO Changpeng 'CZ' Zhao have sparked controversy, with Coinbase denying any involvement in providing information to Bloomberg.
Key Points
1. Crypto commentator Matt Wallace claimed Coinbase executives feared CZ's potential pardon and re-entry into the US market, calling their alleged actions 'anti-American.'
2. CZ reshared Wallace's post and took legal action against Bloomberg for defamation.
3. Coinbase's chief legal officer, Paul Grewal, denied any involvement in providing information to Bloomberg, stating they welcome competition.
4. Blockchain advisor Anndy Lian criticized Bloomberg's report, stating there was no concrete evidence of coordination between Trump and CZ.
5. CZ stepped down as Binance's CEO last year after legal settlements with US authorities and has maintained a low profile since.
Description
Tensions in the crypto sector escalated over the weekend following allegations that Coinbase was the unnamed source behind a Bloomberg report scrutinizing Donald Trump’s crypto project, World Liberty Financial, and Binance. Coinbase exec, however, has denied the allegations. Allegations Stir Crypto Rivalries Crypto commentator Matt Wallace claimed on X that Coinbase executives were concerned that a potential pardon for Binance’s former CEO Changpeng ‘CZ’ Zhao could clear the way for his return. ...
Latest News
- SharpLink Loads Up on $180M Worth of ETH in 5 Days2025-07-14 22:28:53
- Bhutan Dumps Bitcoin? $173M Sent to Binance in Days2025-07-14 20:24:17
- TRUMP Meme Coin Leads This Week’s $1.57B Token Unlock Wave2025-07-14 18:52:59
- Coinbase Denies Bombshell Claim it Fueled Trump-Binance Hit Piece2025-07-14 17:17:49
- Bitcoin Dips Under $120K After Trump’s 50-Day Ultimatum to Russia2025-07-14 17:01:42