Reports have emerged about the Trump family's negotiations for a stake in Binance.US. Meanwhile, Binance's founder, CZ, hopes for a pardon following his 2023 guilty plea.
Trump Family and Their Investment Plans
According to The Wall Street Journal, Trump's representatives in the US have been in talks to secure a financial stake in Binance's US arm. The discussions began after Binance reached out to Trump's allies in 2024, proposing a business deal as part of its plan to return to the US. Recently, Binance.US resumed operations in the country, reopening USD deposits and withdrawals. It is unclear what form the family's stake might take, but one possibility includes acquiring it through their crypto project, World Liberty Financial.
Possible Pardon for CZ
WSJ also revealed that Changpeng Zhao (CZ) is pursuing a pardon after serving four months in prison following his 2023 guilty plea. The potential pardon could be contingent on a deal between Trump and Binance. However, official sources denied the involvement of certain negotiators.
Binance Achievements and Crypto Market News
Recently, Binance marked a significant achievement with a $2 billion investment from MGX AI, making it the largest crypto investment ever. Should the Trump family also become a Binance investor, this could enhance the exchange's success. Investors responded positively to the news, seeing a more than 5% increase in BNB prices.
Potential investments by the Trump family and a pardon for Changpeng Zhao could significantly impact Binance and the overall cryptocurrency sector, further supporting its development.
