CZ shares rumors linking Coinbase to Bloomberg’s Trump stablecoin report

Binance founder CZ shared a tweet alleging Coinbase as the anonymous source behind Bloomberg’s report targeting Trump’s crypto project and Binance.

Binance co-founder and former CEO Changpeng “CZ” Zhao has reposted a tweet alleging that Coinbase was the “anonymous” source behind Bloomberg’s report targeting Trump’s crypto project, World Liberty Financial, and Binance.

In a Sunday post on X, crypto commentator Matt Wallace claimed Coinbase executives feared a potential pardon for Zhao and Binance’s return to the US market would threaten their market share, prompting efforts to undermine competitors.

“Binance is the world’s #1 crypto exchange,” Wallace wrote, warning that Binance’s return with full legal status could severely damage Coinbase’s business.