Reports suggest that the Trump family is considering acquiring a stake in Binance US, while Changpeng Zhao is seeking a pardon from the former president after legal issues.
Trump’s Growing Ties to Crypto
Donald Trump has shifted from being anti-crypto to becoming a key advocate for the industry during his 2024 election campaign. His family's interest in crypto isn't new; they previously backed World Liberty Financial and launched tokens on the Solana blockchain.
CZ’s Pardon Request
According to the Wall Street Journal, Changpeng Zhao has reached out to Trump's allies seeking a presidential pardon after admitting guilt to U.S. anti-money laundering law violations.
Crypto Community Reacts
The potential Trump deal with Binance US has polarized opinions in the crypto community. Optimists view it as a positive development, while skeptics are concerned about possible policy influences and centralization.
The potential Trump-Binance US deal remains unconfirmed, but it could significantly impact crypto market regulations in the U.S. if finalized.
