Recent rumors about the Trump family's potential investment in the Binance US exchange have stirred lively discussions in the crypto community.
Trump's Ties to Crypto
The Trump family's interest in cryptocurrencies is not new. Donald Trump, once critical of cryptocurrencies, has become one of its biggest political advocates in the 2024 election cycle. Throughout the year, he accepted donations in Bitcoin, Ethereum, and Solana, and supported the DeFi project World Liberty Financial.
CZ’s Pardon Request
Former Binance CEO Changpeng 'CZ' Zhao has reportedly sought a pardon from Trump after pleading guilty to violating U.S. anti-money laundering laws. However, Zhao denies these reports, calling them inaccurate and a political attack.
Crypto Community Reacts
Opinions in the crypto community are divided: some see the involvement of a former president as a potential legitimization of the industry, while others fear excessive centralization and political influence over the exchange.
Whether the Trump family will conclude a deal with Binance US remains uncertain, but the potential of such a deal could have unprecedented political and financial implications for the crypto industry.
