Trump’s Family in Talks for Stake in Crypto Firm Binance — Report

Recent reports indicate that representatives of former U.S. President Donald Trump’s family have engaged in discussions to acquire a stake in Binance.US, the American subsidiary of the global cryptocurrency exchange Binance. These talks are part of Binance’s strategic efforts to re-establish and expand its operations within the United States.

The potential investment could be facilitated through World Liberty Financial Inc., a cryptocurrency venture launched by the Trump family in 2024. This venture has positioned the family to explore significant opportunities within the rapidly evolving digital currency market.

In 2023, Binance’s founder, Changpeng Zhao, faced legal challenges in the U.S., pleading guilty to violating anti-money laundering regulations, resulting in a $4.3 billion settlement and a four-month prison sentence. Reports suggest that Zhao has been seeking a presidential pardon, and the discussions with the Trump family may be part of broader efforts to navigate regulatory hurdles and re-enter the U.S. market.

The specifics of the potential deal, including the nature and size of the stake, remain undisclosed. Both Binance and representatives of the Trump family have yet to comment publicly on these developments.

 The outcome of these negotiations could have significant implications for Binance’s presence in the U.S. and the broader cryptocurrency industry’s regulatory landscape.