A representative from the Trump family has engaged in discussions aimed at acquiring a stake in the U.S. division of Binance, as reported on Thursday.
This potential stake may be pursued through World Liberty Financial, a cryptocurrency initiative backed by the Trump family, according to individuals with knowledge of the matter.
Steve Witkoff, a close associate of the President, played a role in the negotiations, the report indicated.
These discussions were initiated last year after Binance made contact with allies of Trump, proposing a partnership to re-establish the crypto exchange’s presence in the U.S.
At the time of publication, Binance U.S. had not responded to a request for comment.