Binance Hires Trump Associate Ches McDowell for U.S. Policy Lobbying

Binance Hires Trump Associate Ches McDowell for U.S. Policy Lobbying

Binance and CEO Changpeng Zhao engaged high-profile U.S. political and legal figures in 2024, investing $740K to influence policy and secure legal support.

TRUMP

Fact Check
The statement is assessed as 'likely_true' with high confidence based on consistent, direct evidence from multiple high-authority sources. The core of the claim—that Binance hired Ches McDowell for lobbying—is explicitly confirmed by two separate Politico articles and a New York Times article. These primary news sources state that McDowell and his firm, Checkmate Government Relations, were engaged by Binance to lobby the Trump administration for a presidential pardon for its founder.Furthermore, the claim that McDowell is an 'associate of Donald Trump' is overwhelmingly substantiated. Multiple sources from Politico, Bloomberg, and The Assembly NC independently describe his close relationship with the Trump family, specifically identifying him as a 'hunting buddy' and 'close friend' of Donald Trump Jr. and a prominent 'Trump-connected lobbyist.'There are no contradictions among the credible sources. While some sources only confirm McDowell's connection to Trump without mentioning Binance, they serve to corroborate a key part of the statement. The low-authority posts on the Binance Square platform, while not primary evidence, are consistent with the reporting from major news outlets. The only irrelevant source is a page on Binance's website about a cryptocurrency named 'Lobby', which has no bearing on the assessment.
    Reference12
Summary

Binance and CEO Changpeng Zhao hired lobbyist Ches McDowell, a Trump ally, in September 2024 for $450,000 to lobby the White House and U.S. Treasury on financial policy matters. In February 2024, they also retained cryptocurrency-focused lawyer Teresa Goody Guillén, paying $290,000 in fees for legal services. These moves indicate a significant strategy to engage U.S. policymakers and secure legal expertise for issues potentially involving pardons or administrative relief.

Terms & Concepts
  • Lobbying: The act of attempting to influence government decisions or policies on behalf of an organization or interest group.
  • Administrative Relief: A form of policymaking or regulatory adjustment carried out by executive agencies, often used to ease compliance or enforcement measures.