The Wall Road Journal (WSJ) reported that the representatives of US President Donald Trump’s household held discussions with Binance about doubtlessly buying a stake on the earth’s largest cryptocurrency alternate.
On 13 March 2025, the WSJ mentioned that Binance reached out to Trump’s household representatives in 2024, providing a enterprise deal as a part of a broader technique to resume Binance. This transfer additionally comes at a time when Binance ex-CEO Changpeng Zhao is on the lookout for a Presidential pardon.
Criticizing the report, Zhao mentioned, “No felon would thoughts a pardon, particularly being the one one in US historical past who was ever sentenced to jail for a single BSA cost.”
The WSJ report additionally steered that Trump may purchase a stake in Binance or use his crypto enterprise, World Liberty Monetary (WLFI), for the same deal.
BREAKING: Trump Household Has Been in Talks for Stake in Crypto Trade Binance, Sources Say – WSJ$BNB > 600 pic.twitter.com/fyP4brUZOw
— HodlFM Staff (@Hodl_fm) March 13, 2025
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Trump And Zhao Criticize TSJ
4. Sorry to disappoint. The WSJ article obtained the info mistaken.
Greater than 20 folks have informed me they had been requested by the WSJ (and one other media), “Are you able to affirm that CZ made some deal for a pardon?”
They most likely requested a whole lot of individuals to have 20 folks attain out to me. In… https://t.co/ELyDPmKD3G
— CZ
BNB (@cz_binance) March 13, 2025
For Binance, this potential partnership represents a crucial alternative to re-enter the US market after dealing with important regulatory challenges.
Zhao, who served 4 months in jail within the US after pleading responsible to violating anti-money laundering necessities, has been pushing for the Trump administration to grant him a pardon. Prior to now, the corporate’s US arm noticed its market share plummet from 27% to only over 1% following regulatory actions.
Reportedly, Steve Witkoff, a very long time Trump buddy who serves as his particular envoy to the Center East, has been concerned within the negotiations.
In the meantime, Trump has criticized the WSJ. “The Globalist Wall Road Journal has no concept what they’re doing or saying. They’re owned by the polluted considering of the European Union, which was shaped for the first goal of ‘screwing’ the US of America,” Trump wrote on Reality Social.
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Key Takeaways
US President Donald Trump’s household could have held discussions with Binance about doubtlessly buying a stake on the earth’s largest cryptocurrency alternate.
Trump may purchase a stake in Binance or use his crypto enterprise, World Liberty Monetary (WLFI), for the same deal.
The publish Trump Household In Talks For Stake In Binance As Changpeng Zhao Seeks Presidential Pardon appeared first on 99Bitcoins.
