Members of former President Donald Trump’s family have reportedly engaged in discussions with Binance regarding a possible investment in the cryptocurrency exchange.
In 2024, Binance reached out to Trump’s family representatives to propose a business arrangement aimed at reviving Binance.US operations in the nation, as reported by The Wall Street Journal on March 13.
The article cited sources with knowledge of the situation, noting that Binance’s billionaire founder, Changpeng Zhao, who served a brief prison sentence in the US, has been advocating for a pardon from the Trump administration.
“It remains uncertain what form the Trump family investment would take if an agreement is reached or whether it would be dependent on a pardon,” the article indicated.
World Liberty Financial as a potential avenue
According to the report, one possibility could involve Trump acquiring a stake in Binance directly or pursuing the deal via World Liberty Financial, a cryptocurrency initiative supported by Trump that was established in September.
Trump has positioned himself as the US’s first “crypto president,” launching his Official Trump (TRUMP) memecoin just days before his anticipated return to the White House on January 20, 2025. Following this, a similar memecoin was introduced by Trump’s wife, Melania, while Trump’s son, Eric Trump, has been a vocal advocate for Bitcoin (BTC) and broader cryptocurrency adoption.
The publication sought a comment from Binance regarding the alleged negotiations, but no response was received prior to publication.
This story is evolving, and updates will be provided as more information becomes available.
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