CZ pleaded guilty to a Bank Secrecy Act violation in 2023 before pardoned. He served 4 months in 2024. He also paid $50 million. This background details the legal context.
In an interview, Pompliano had asked a specific question. He inquired whether the president controlled a “secret Bitcoin wallet.” He raises the question of whether Zhao or Binance paid into it. This would have been in return for his pardon. This was something Goody Guillen responded to directly.
Goody Guillen Says Binance–Trump Influence Allegations Are False
“We would get that tracked,” Goody Guillen added. She referred to the transparency that blockchain ledgers have. Blockchain transactions are public in nature. However, they only leak alphanumeric addresses of wallets. They do not reveal the identity of the owners of the wallets. This distinction is crucial.
Related Reading: CZ Breaks Silence on Pardon Rumors, Denies Any Deal with WLFI | Live Bitcoin News
Binance has formed close relationships with the Trump family. This is according to news reports. This development took place since the president was reelected last November. At the same time, Zhao has a four-month prison sentence in 2024. He asked and received a presidential pardon. This raised questions of a possible quid pro quo.
DL News reports that CZ’s lawyer Teresa Goody Guillen denied any ‘pay-to-play’ arrangement behind President Trump’s October pardon of Changpeng Zhao, telling the Pomp Podcast there was no deal. She also refuted media claims that ties among Binance, World Liberty Financial and the…
— Wu Blockchain (@WuBlockchain) November 16, 2025
Zhao’s lawyer, Teresa Goody Guillen, denied the speculation. This was the case in a recent podcast appearance. In addition, she called the allegations a “pile up of a lot of false statements.” She also said such an arrangement “would never happen.” This adamant denial is intended to exonerate Zhao.
President Trump has stated that he does not personally know Zhao. However, he was advised that the case was politically motivated. This was advice from the Biden administration. White House Press Secretary Karoline Leavitt said the case was “thoroughly reviewed.” She also said the pardon was meant to undo an “overreach of the Biden administration’s misjustice.” This establishes the pardon as a corrective one.
Democratic Criticism and Binance’s Lobbying Efforts
CZ himself was surprised at the pardon. He said he did not know how it was progressing. He also did not have a business relationship with the Trump family. Further, he denied being affiliated with World Liberty Financial (WLFI). WLFI is a crypto business associated with Trump. This then distances Zhao from any dealings there may have been.
The pardon was highly criticized. This was from Democratic lawmakers. These included Senator Elizabeth Warren and Representative Maxine Waters. They claimed to have discovered a “pay-to-play” scheme. This was a scheme of crypto investments. These were supposedly funneled into Trump-related ventures. This criticism brings out partisan divides.
In addition, public lobbying filings show heavy spending. Binance and CZ spent a lot of money. This was on lobbying efforts. These efforts came in the months before the pardon. This amounts to a strategic attempt to influence policy.
Zhao pleaded guilty in November 2023. This was for not maintaining an effective anti-money laundering program at Binance. He had a four-month prison sentence. He was then pardoned. Ultimately, this train of events has come under some scrutiny. It raises the question of politics and cryptocurrency. The current debate on the issue highlights the need for transparency. It also focuses on accountability in the digital asset space.
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