title: Key Notes

Binance CEO Richard Teng repeated that the reports of an ongoing deal between Binance.US and the Donald Trump family are not true.

Key Notes:

* Binance CEO Richard Teng has shot down reports of a pending deal between Binance.US and the Donald Trump family.

* The crypto exchange CEO's comments came while speaking at a panel at Blockworks’ 2025 Digital Asset Summit in New York on March 18.

* Last week, a WSJ report suggested that Binance founder Changpeng Zhao (CZ) was in talks with the Trump family to acquire some stake in Binance.US, kicking off operations once again.

* However, Zhao completely shut down this report, adding that the media publication was maligning the US President’s image with such allegations.

* Now, Binance CEO Richard Teng has maintained that there are no deals in the works at the moment. He said:

“I believe both World Liberty Financial as well as CZ himself have tweeted and denied the reforms, right? So that there’s really nothing else to add.”

* Teng went on to note that Binance.US operates independently, both legally and operationally, from its global counterpart. “US and dotcom are quite different animals, right? They have different set of shareholders, they have different boards of directors and different CEOs running the show,” he said.

* Binance CEO Richard Teng has also praised US President Donald Trump for his pro-crypto policies, stating that it would be beneficial for the global crypto community.

* The crypto exchange CEO's comments came while speaking at a panel at Blockworks’ 2025 Digital Asset Summit in New York on March 18.

* Having institutions participate in the crypto market has been a hot topic of discussion throughout the past year.

* Now, with President Trump’s administration actively looking into making a strategic crypto reserve, it would benefit the crypto community.

* However, the U.S. crypto firms are still waiting for clear regulations to be put in place.

* Commenting on the same, Teng said that it would be beneficial for the crypto community if the administration were to put in place crypto regulations.

* He said:

“I think it’s going to be helpful to have the administration put in place crypto regulations. We’ve seen institutions are slowly coming on board over the past year, which is a good thing. But we haven’t seen the administration come on board yet with a strategic crypto asset or an economic stockpile.”

* According to a report by The Wall Street Journal, executives at Binance are hopeful that Trump’s administration will take notice of their contributions during his presidency.

* The report also suggested that the Trump family is looking to make an investment in Binance.US, adding that the former president’s son, Donald Trump Jr, is interested in making the investment.

* However, both the Trump family and Binance have shot down these rumors.

* Notably, Trump is already an investor in the crypto market through his new DeFi project, World Liberty Financial. The project has invested $350 million in crypto.

* Meanwhile, Trump’s administration is planning to launch a strategic crypto reserve, similar to the U.S. oil reserve.

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