Binance CEO Richard Teng has denied allegations that the company invested nearly $2 billion in a Trump-backed stablecoin through the WLF as part of a deal to secure a pardon for Binance founder Changpeng Zhao. These claims emerged following Zhao’s admission to violating the Bank Secrecy Act in relation to Binance’s anti-money laundering practices. While Zhao accepted responsibility for the regulatory breach, Teng firmly rejected the notion that the investment was linked to any pardon arrangement. The stablecoin in question is reportedly backed by former President Donald Trump, adding a political dimension to the controversy. This denial comes amid ongoing scrutiny of Binance’s compliance and regulatory conduct. The situation highlights the complex intersection of cryptocurrency operations, legal accountability, and political influence. Further developments may clarify the full extent of Binance’s actions and their implications.