Representatives of US President Donald Trump’s household have reportedly held talks with Binance about doubtlessly buying a stake within the crypto alternate.
Binance reached out to Trump’s household representatives in 2024, providing to strike a enterprise deal as a part of a plan to renew Binance.US operations within the nation, The Wall Avenue Journal reported on March 13.
Citing sources acquainted with the matter, the report talked about 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's unclear what type the Trump household stake would take if the deal comes collectively or whether or not it could be contingent on a pardon,” the report stated.
World Liberty Monetary amongst deal choices
In line with WSJ, a possible alternative may very well be a situation the place Trump takes the stake in Binance or proceeds with the deal by World Liberty Financial, a Trump-backed crypto enterprise launched in September.
Trump has emerged because the US first “crypto president,” launching his Official Trump (TRUMP) memecoin days earlier than returning to the White Home on Jan. 20, 2025. An identical memecoin subsequently came from Trump’s wife, Melania, whereas Trump’s son, Eric Trump, has been actively pushing for Bitcoin (BTC) and crypto adoption as properly.
Cointelegraph approached Binance for a remark concerning the report on the alleged deal however didn't obtain a response by publication.
Trump slams WSJ for “polluted pondering” of the EU
Minutes earlier than the WSJ article was revealed at 1:00 pm UTC, Trump took to Reality Social to slam the publication for allegedly reporting flawed info.
“The Globalist Wall Avenue Journal has no thought what they're doing or saying. They're owned by the polluted pondering of the European Union, which was shaped for the first function of ‘screwing’ the USA of America,” the president wrote.
Supply: Donald Trump
It is a growing story, and additional info might be added because it turns into obtainable.
Journal: Trump’s crypto ventures raise conflict of interest, insider trading questions
