CZ Says He Wants To Make The U.S. The Capital Of Crypto

Binance founder Changpeng Zhao, known as CZ, told CoinDesk that he wants to make the U.S. the "capital of crypto" and said his goal in Washington, D.C. was to clear up any "misunderstandings" about himself and Binance.

“CZ wants to make the U”

@coindesk

CoinDesk reported that CZ has been making his reentry to the U.S. after serving four months in prison on Bank Secrecy Act violations in 2024, and that he remains the majority shareholder in both Binance and Binance.US.

@coindesk

In the same CoinDesk interviews, CZ said he saw multiple causes for crypto's 2026 bear market, including investors moving funds to AI, geopolitical events and the usual four-year crypto market cycle.

CoinDesk also said CZ laid out his goals for Binance.US, saying he wanted the platform to tap Binance Global for its liquidity as part of a broader push to make the U.S. market stronger.

CoinDesk wrote that there is "no real word on where this bill is" and that the ethics provision remains the biggest hurdle to an agreement.

The CoinDesk newsletter said Politico profiled White House crypto liaison Patrick Witt, confirming that any deal he helps broker will need presidential sign-off.

TF1 Info

CoinDesk reported that negotiations are ongoing, with Jesse Hamilton writing that there are as of yet no details about what any deal might look like.

CoinDesk added that there are 20 working days left between now and September 1 on the Senate calendar, meaning decreasing floor time for the Senate to debate and vote on the bill.

CoinDesk said lawmakers passed a housing bill last week and a reconciliation funding bill went through Congress earlier this month, leaving Foreign Intelligence Surveillance Act reauthorization as Congress prepares for the annual farm bill and National Defense Authorization Act.

TF1 Info said Donald Trump and his close associates enriched themselves by $1.4 billion since his return to the White House, and that his fortune would total $6.3 billion.

“In the United States, the media have turned their attention to Donald Trump's fortune”

TF1 Info

TF1 Info reported that the New York Times described the $1.4 billion figure as 'underestimated' because part of the gains is not public, and that Forbes put his total fortune at $6.3 billion.

TF1 Info also said Trump's family earned no less than $867 million over the past year through various financial operations, with cryptocurrency described as the sector that brings in a lot of money for him.

The outlet quoted Trump declaring in September 2024 that instead of going after the industries of the future, "we will support them, notably by making the United States the world capital of Bitcoin and cryptocurrencies," while in the midst of his presidential campaign.

TF1 Info added that Trump called Bitcoin 'a scam' in 2021 and said he has not put all his eggs in one basket, noting he owns offices in India, a golf course in Saudi Arabia, and hotels in Oman.