The Wall Street Journal (WSJ) reported that representatives of US President Donald Trump’s family had discussions with global cryptocurrency exchange Binance about acquiring a stake in the platform.
On March 13, 2025, it was revealed that Binance had approached Trump’s family representatives in 2024 to offer a business proposal as part of an effort to resume operations. This discussion coincides with Changpeng Zhao’s search for a presidential pardon.
Zhao remarked, “No felon would mind a pardon, especially being the only one in US history who was ever sentenced to prison for a single BSA charge.”
The report also indicates that Trump might consider acquiring a stake in Binance or utilize his venture, World Liberty Financial (WLFI), for a similar collaborative deal.
⚡️ BREAKING: Trump Family Has Been in Talks for Stake in Crypto Exchange Binance, Sources Say – WSJ pic.twitter.com/fyP4brUZOw $BNB > 600 — HodlFM Team (@Hodl_fm) March 13, 2025
For Binance, this potential collaboration represents a vital opportunity to re-enter the US market after facing regulatory challenges. Zhao, who spent four months in a US prison for violating anti-money laundering regulations, has been appealing to the Trump administration for a pardon.
Reportedly, Steve Witkoff, a long-time Trump associate and special envoy to the Middle East, is participating in the negotiations.
In response to the WSJ report, Trump criticized, “The Globalist Wall Street Journal has no idea what they are doing or saying. They are owned by the polluted thinking of the European Union, which was formed for the primary purpose of ‘screwing’ the United States of America.”
Key Takeaways
- Donald Trump’s family is exploring discussions with Binance for the acquisition of a stake in the company.
- Trump may utilize his venture, World Liberty Financial (WLFI), for this purpose.
