Representatives of US President Donald Trump’s family have reportedly held talks with Binance about potentially acquiring a stake in the crypto exchange.
Binance reached out to Trump’s family representatives in 2024, offering to strike a business deal as part of a plan to resume Binance.US operations in the country, The Wall Street Journal reported on March 13.
Citing sources familiar with the matter, the report mentioned that Binance’s billionaire founder Changpeng Zhao — who served four months in prison in the US — has been pushing for the Trump administration to grant him a pardon.
“It is unclear what form the Trump family stake would take if the deal comes together or whether it would be contingent on a pardon,” the report said.
World Liberty Financial among deal options
According to WSJ, a potential opportunity could be a scenario where Trump takes the stake in