PANews reported on April 12 that in response to the Wall Street Journal's report that "CZ agreed to provide prosecutors with evidence of Sun Yuchen's financial crimes when he pleaded guilty," Sun Yuchen tweeted: "I am not aware of the rumors currently circulating on the Internet. CZ is my mentor and friend, and also my benefactor. In the process of my entrepreneurship, he has given me attention, guidance and direction. To this day, his principles and style of doing things are still the highest standards I pursue as an entrepreneur. At the same time, the U.S. Department of Justice has always been one of our closest and most trusted partners at T3FCU. We have worked together to handle a large number of important cases aimed at protecting global users and punishing illegal criminal groups around the world. Whether it is CZ or our partners at the Department of Justice, we always maintain direct and frank communication. I have full trust in each of them. Under the leadership of President Trump's wise encryption policy, the U.S. encryption industry is bound to usher in greater success. As one of the president's earliest selected cryptocurrencies, TRX will also be a beneficiary of this success."