
Trump family in talks for stake in crypto firm Binance: WSJ
Donald Trump's family have held discussions to acquire a financial stake in the US arm of cryptocurrency exchange Binance, while the company's founder seeks a presidential pardon, according to a Wall Street Journal report on Thursday.
Binance founder Changpeng Zhao, who served four months in prison after pleading guilty to violating anti-money-laundering requirements, has been pushing for clemency from the Trump administration.
Zhao, known as CZ, remains Binance's largest shareholder despite stepping down as CEO following the company's $4.3 billion settlement with US authorities in 2023.
According to the Journal, the talks reportedly began when Binance approached Trump allies last year, offering a business deal with the family as part of a strategy to re-enter the US market.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»The potential investment could be made directly by the Trump family or through World Liberty Financial, a cryptocurrency venture backed by the Trumps that launched in September.
Live Events
Steve Witkoff, a longtime Trump friend who serves as his top negotiator in the