Binance boss CZ distances his exchange from the dollar-pegged token under fire from the SEC: 'That's not something we created'

• The SEC has ordered Paxos to stop minting a Binance-branded token pegged to $1.
• Changpeng Zhao tried to play down his exchange's links to the under-fire coin Tuesday.
• "We have an agreement to let them use our brand, but that's not something that we created," he said.

Binance chief Changpeng Zhao has downplayed the link between his exchange and a token carrying its branding that's currently under fire from the Securities and Exchange Commission.