- Binance CEO CZ responds to WSJ’s critical allegations.
- Denies WSJ claims as unfounded and misleading.
- CZ highlights interference from US financial circles.
Changpeng Zhao (CZ), founder of Binance, has rejected allegations made by the Wall Street Journal on May 23, 2025. CZ took to platform X, previously known as Twitter, for this denial.
The controversy spotlights media disagreements over cryptocurrency, with the US facing competitive lobbying against Binance’s efforts.
CZ Challenges WSJ Credibility Amid Allegations
Changpeng Zhao addressed the accusations made by the Wall Street Journal, labeling them as part of a hit piece and asserting numerous inaccuracies in the claims. According to CZ, the WSJ’s questions presented several errors and negative assumptions, which his team pointed out. Amidst these denials, CZ speculated on particular US financial interests obstructing cryptocurrency advancements in America.
Rumors have surfaced claiming a major venture capital firm is lobbying to undermine Binance. This effort is noted as a challenge to Binance’s goal of cementing the U.S. as a cryptocurrency capital and raising competitive fears.
The Wall Street Journal is just a mouthpiece, and there are some forces within the U.S. trying to hinder efforts to make the U.S. the cryptocurrency capital. – Changpeng Zhao, CoinTelegraph
Binance Coin Fluctuates as Media Narratives Emerge
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According to BlockBeats News, CZ mentioned past interactions with the Wall Street Journal contained numerous inaccuracies, a point reiterated on several media platforms.
As of May 23, 2025, Binance Coin (BNB) stands at $660.52, with a market cap of $93.06 billion as per CoinMarketCap. The cryptocurrency experienced a 24-hour price dip of 3.44%, but its seven-day trajectory shows a 2.49% increase. The 24-hour trading volume saw a decline of 12.44% amounting to $1.99 billion.
The Coincu research team highlights potential regulatory issues due to media narratives, which could influence the financial ecosystem surrounding blockchain and cryptocurrency. Concerns over market competition may push for heightened technological revelations as Binance continues to maintain its dominance in the crypto realm.
Source: https://coincu.com/339367-cz-refutes-wsj-binance-allegations/