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Cryptocurrency News Articles

Justin Sun Addresses Rumors, Affirms Trust in Binance CEO

Apr 12, 2025 at 03:55 pm

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).

A report by The Wall Street Journal has sparked conversation in the crypto sphere, detailing a series of meetings between Binance executives and US Treasury officials.

As per the report, the meetings focused on discussing crypto regulatory oversight and exploring possibilities for Binance to re-enter the US market.

In return for the US Justice Department executives’ assistance, Changpeng Zhao (CZ), Binance’s CEO, would provide evidence against Tron founder Justin Sun.

Reacting to the report, Sun expressed that he holds Changpeng Zhao in high regard, considering him a mentor and a close friend.

“CZ is both my mentor and a close friend—he has played a crucial role in supporting me during my entrepreneurial journey. I hold Changpeng in the highest regard, both for his leadership and his strong sense of ethics—the highest standard I strive to follow as a founder,” said the Tron founder.

He went on to highlight the collaborative relationship between Tron and the DOJ, a partnership he values deeply.

“We at TRON have had the pleasure of working closely with the U.S. Department of Justice, whom we consider one of T3FCU’s closest and most trusted partners. Together, we’ve focused on protecting global users through various cases,” said Sun.

The Tron founder went on to highlight the importance of open communication with relevant authorities.

“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. We’re committed to working closely with the U.S. government to create a brighter future for Web3 and blockchain technology,” he concluded.

Earlier this year, the US Securities and Exchange Commission (SEC) sued Binance for operating as an unregistered exchange and mixing customer funds.

The SEC chair, Gary Gensler, has repeatedly stated that he reached out to crypto firms in 2026 to guide them on how to register with the commission. However, he claims that these firms did not respond to his calls.

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Other articles published on Apr 19, 2025