Zhao Changpeng refutes the claim that Binance transfers tens of millions of dollars in profits to the Trump family every year through stablecoin deposits

PANews reported on October 24th that cryptocurrency researcher FatMan wrote on the X platform: "Binance has deposited $2 billion in the stablecoin issued by WLFI. This money can generate $80 million to $87 million in interest annually. Given that the Trump family can share approximately 60% of WLFI's profits, as long as the deposit remains, Binance will have to pay the Trump family $48 million to $52 million in interest annually. This is simply an insane public transfer of wealth."

In response to the aforementioned remarks, Zhao Changpeng retweeted a comment from crypto lawyer Teresa Goody Guillén, which stated: "Let's recall a fundamental principle: handling, using, or holding an asset does not constitute an investment in its issuer. For example, if I buy wheat with Swiss francs, I'm not investing in Switzerland. Similarly, wheat producers or sellers, banks that accept or handle francs, and so on, are not investing in Switzerland... Similar situations are common in reality." Zhao Changpeng added: "Furthermore, we have already exchanged many of the stablecoins we received. This logic simply doesn't hold water."

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Author: PA一线

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