Trump Family Reportedly in Talks for Binance US Investment
The Wall Street Journal (WSJ) has reported that former U.S. President Donald Trump’s family is engaged in discussions regarding an investment in Binance US. This news emerges just two years after Binance US admitted to violating anti-money laundering laws, according to a report by TechCrunch.
In 2023, Binance founder Changpeng Zhao (CZ) pleaded guilty to related charges, agreeing to pay a $4.3 billion fine and serve a four-month prison sentence. As part of the settlement, he also stepped down as CEO, although he remains the company’s primary shareholder.
According to Forbes, Zhao is currently the 24th richest person in the world. The WSJ report claims that he is seeking a pardon from the Trump administration.
Due to Zhao’s conviction, Binance has been facing difficulties securing business partnerships in the United States and obtaining crypto licenses in Europe. However, in response to the WSJ report, Zhao refuted the claims in a post on X, stating, "I have not discussed any deal for Binance US with anyone."
If discussions between Binance and Trump family representatives are indeed taking place, a critical question arises—what is the price of a presidential pardon?
