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- Binance lists Trump-linked USD1 stablecoin; lawmakers raise political concerns.
- CZ’s recent pardon sparks scrutiny; Binance cites legal compliance.
- Partnership talks with WLFI described as business strategy, not political favor.
Binance, one of the world’s largest cryptocurrency exchanges, is facing new scrutiny from U.S. lawmakers over its recent support for Trump family projects. The controversy centers on World Liberty Financial (WLFI) and its native stablecoin, USD1. Lawmakers allege the listings are politically motivated, particularly following the pardon of Binance founder Changpeng Zhao (CZ) by the Trump administration last week.
U.S. Senator Chris Murphy publicly criticized Binance, claiming the exchange promoted Trump-affiliated crypto just days after Zhao’s pardon. “The White House is a full-time, 24/7 corruption machine,” Murphy stated, linking the token listing to political favoritism.
Binance Defends Listings as Business Decisions
Binance has firmly denied any political intent, labeling the listings as routine business actions. The exchange emphasized that both USD1 and WLFI were already available on over 20 major platforms, including Coinbase, Robinhood, and Kraken. According to BinanceUS, the decision followed comprehensive legal review and internal approval, reflecting standard corporate procedure rather than political maneuvering.
Dear Senator,
— Binance.US 🇺🇸 (@BinanceUS) October 29, 2025
We conduct comprehensive due diligence and legal review before listing any asset on @BinanceUS, whether it’s a stablecoin, a new ecosystem project, or a meme token.
Not only are USD1 and WLFI already listed on 20+ major exchanges, including U.S. platforms… https://t.co/6HEM9EprVm
The exchange expressed concern over what it described as the “unfair politicization” of business decisions, highlighting the delicate line companies now navigate between regulatory scrutiny and commercial operations.
CZ and Trump Family Partnership Talks
Reports from the Wall Street Journal suggest that CZ engaged with Trump associates around the U.S. election period to address Binance’s legal challenges. Discussions allegedly involved potential collaboration with the Trump family’s WLFI project. While speculation has swirled about CZ returning to a more active role at Binance, he has publicly denied any immediate plans.
Sources indicate that Binance formed a senior task force to explore possible partnerships with Trump-affiliated crypto ventures, potentially to strengthen Zhao’s legal and business standing. These moves, however, remain framed as strategic and commercially motivated rather than political.
Business or Politics?
The Binance controversy underscores the blurred lines between business strategy and political perception in the crypto sector. While lawmakers raise concerns over possible conflicts of interest, Binance maintains that its listings are standard corporate decisions, emphasizing compliance and due diligence as guiding principles. The debate is likely to continue as cryptocurrency companies increasingly intersect with high-profile political figures.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
