CZ posted on X, stating: "Bloomberg just published another hit piece (sponsored by competitors) with so many factual errors, I don't even know where to start.
May have to sue them for libel again."
Previously, Bloomberg reported (https://www.bloomberg.com/news/features/2025-07-11/trump-s-crypto-link-with-binance-raises-conflict-of-interest-questions) that Binance wrote the smart contract code for the Trump family's company World Liberty Financial's stablecoin $USD1, and assisted in promoting and participating in its largest transaction (UAE fund MGX used $USD1 to purchase $2.00 billion of Binance shares). Currently, over 90% of the issued $USD1 is still stored in Binance wallets, and the related interest income may bring the Trump family approximately $30.00 million per year. This news has raised concerns about a potential conflict of interest between President Trump and CZ regarding a "pardon exchange." [Odaily Planet Daily]