Binance co-founder Changpeng “CZ” Zhao has rejected a Bloomberg report linking him to a stablecoin issued by World Liberty Financial (WLF), tied to Donald Trump. Zhao described the article as a hit piece, rife with factual errors, and suggested he might sue Bloomberg for defamation. The report alleged Zhao's involvement with the USD1 stablecoin and claimed he sought a presidential pardon linked to an investment by a UAE fund in Binance. Zhao's tweet referenced a prior legal dispute with Bloomberg, which had previously issued an apology and retraction regarding false claims about Binance operating a Ponzi scheme. This situation paints a broader picture of the scrutiny Trump and his crypto ventures face, especially with bipartisan regulatory efforts led by Republican lawmakers targeting payment stablecoins.

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