Tron's Justin Sun Defends Binance CEO Zhao, Highlights DOJ Cooperation

Tron’s founder, Justin Sun, has addressed recent rumors and allegations surrounding his relationship with Binance CEO Changpeng Zhao and his cooperation with the U.S. Department of Justice (DOJ). In a statement, Sun emphasized his strong ties with Zhao, referring to him as both a mentor and a close friend who has been instrumental in supporting him throughout his entrepreneurial journey. Sun’s comments come in response to a report that alleged Binance executives met with U.S. Treasury officials to discuss regulatory oversight and negotiate their re-entry into the U.S. market, with Zhao offering evidence related to Sun to the DOJ.

Sun’s response underscores the collaborative efforts between Tron and the DOJ, describing the department as one of their closest and most trusted partners. He affirmed that their joint efforts have been focused on protecting global users through various cases, maintaining direct and honest communication at all times. Sun’s optimism about favorable crypto policy initiatives under the Trump administration was also evident, stating that TRX, the native token of Tron, is set to benefit from these initiatives.

The recent developments have sparked speculation about the motives behind the report, with some suggesting that it could be a "hit job" against Zhao. Zhao himself dismissed the claims, stating that the report was baseless. This is not the first time Zhao has faced such allegations, as a previous report suggested that the Trump family was eyeing a stake deal in Binance.US in exchange for pardoning Zhao from his prison term, which he also denied.

In another significant development, the U.S. Securities and Exchange Commission (SEC) and Binance jointly requested a federal judge to extend the pause in their ongoing legal case by an additional 60 days. Both parties described recent talks as "productive discussions," with the extension intended to allow more time for continued deliberations and potential resolution. This move underscores the ongoing efforts to resolve the legal disputes between the two entities, which have been a source of uncertainty in the crypto market.