Trump Family In Talks To Acquire Stake In Binance As Former CEO Changpeng Zhao Pushes For Pardon
Members of President Donald Trump‘s family are in discussions to acquire a financial interest in Binance.US, the American branch of the world’s top cryptocurrency exchange.
What Happened: This potential deal coincides with efforts by Binance (CRYPTO: BNB) founder Changpeng Zhao, who spent four months in prison after a 2023 guilty plea for anti-money-laundering violations, to secure a pardon from the Trump administration, according to The Wall Street Journal.
Zhao, still the majority shareholder, initiated talks with Trump allies last year as part of a strategy to bring the company, which faced a $4.3 billion fine and operates without a fixed base since its 2017 Shanghai launch, back to the U.S. market.
The nature of the Trump family’s stake remains unclear, with options including a direct investment or integration through World Liberty Financial, a Trump-backed crypto venture launched in …
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