The Wall Road Journal (WSJ) reported that the representatives of US President Donald Trump’s household held discussions with Binance about probably buying a stake on the planet’s largest cryptocurrency alternate.
On 13 March 2025, the WSJ stated 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 stated, “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 urged that Trump would possibly 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 Change Binance, Sources Say – WSJ$BNB > 600 pic.twitter.com/fyP4brUZOw
— HodlFM Group (@Hodl_fm) March 13, 2025
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Trump And Zhao Criticize TSJ
4. Sorry to disappoint. The WSJ article obtained the details improper.
Greater than 20 folks have instructed me they have been requested by the WSJ (and one other media), “Are you able to affirm that CZ made some deal for a pardon?”
They in all probability 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 vital alternative to re-enter the US market after dealing with vital 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. Up 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 good friend 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 thought what they’re doing or saying. They’re owned by the polluted considering of the European Union, which was fashioned for the first objective of ‘screwing’ america of America,” Trump wrote on Reality Social.
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Key Takeaways
US President Donald Trump’s household might have held discussions with Binance about probably buying a stake on the planet’s largest cryptocurrency alternate.
Trump would possibly purchase a stake in Binance or use his crypto enterprise, World Liberty Monetary (WLFI), for the same deal.
The submit Trump Household In Talks For Stake In Binance As Changpeng Zhao Seeks Presidential Pardon appeared first on 99Bitcoins.
