WSJ latest Binance report: CZ may provide evidence related to Justin Sun to the Department of Justice

Original Title: Binance Seeks to Curb U.S. Oversight While in Deal Talks With Trump's Crypto Company
Original Authors: Angus Berwick, Patricia Kowsmann, Rebecca Ballhaus, Wall Street Journal Authors
Translated by: BlockBeats Deep

Editor's Note: Binance executives recently met with the U.S. Treasury Department to seek reduced regulation, including removing anti-money laundering compliance oversight, while negotiating cooperation with Trump family's crypto enterprise "World Liberty Financial" and planning to list its USD stablecoin. This move could bring substantial profits to the Trump family, and Binance hopes to leverage Trump's presidential power to escape legal challenges and return to the U.S. market. [The rest of the translation follows the same professional and accurate translation approach, maintaining the original meaning and tone while translating into English.]

The spokesperson for World Free Finance stated: "Almost every leading company in the digital asset industry interacts with Binance." She added: "We are very grateful for CZ's numerous contributions to the crypto industry, and perhaps even more grateful for his charitable work."

The Trump family's acceptance of Binance reflects the dynamics within the White House. Previous administrations pursued crypto moguls who helped transfer funds for the US government's adversaries - Russian sanction evaders, Islamic terrorist groups, Mexican drug cartels, and global fraud gangs - are now doing business with the president and his core circle members.

Trump has already pardoned a series of crypto criminals, including BitMEX exchange co-founder Arthur Hayes, who pleaded guilty to violating the same US anti-money laundering laws as CZ.

Justin Sun, founder of the TRON blockchain network, is the largest external investor in World Free Finance and provides consulting for the company. According to blockchain research firm TRM Labs, over half of illegal crypto activities - approximately $26 billion - occurred on TRON last year.

In February, after Justin invested $75 million in World Free Finance's token, the US Securities and Exchange Commission asked the court to suspend its fraud lawsuit against him.

According to informed sources, during the Biden administration, the Department of Justice has been investigating financial crimes allegedly committed by Justin. It is currently unclear whether this investigation is still ongoing.

Informed sources stated that as part of CZ's plea agreement, he agreed to provide evidence to prosecutors regarding Justin. This arrangement was previously unreported. The Department of Justice declined to comment.

Justin's representatives refused to comment on "unfounded legal allegations" and stated that claims about TRON facilitating criminal activities are incorrect.

In December last year, Justin also interacted with VIP guests backstage at an Abu Dhabi conference, distributing mini versions of banana artwork he recently purchased for $6 million.