Trump Family Considers Stake in Crypto Exchange Binance US

Reports suggest that the Trump family is exploring the possibility of purchasing a stake in Binance’s US division.

This development follows allegations that the exchange’s founder, Changpeng “CZ” Zhao, is seeking a pardon for his 2023 conviction, which resulted in a prison sentence.

The Wall Street Journal indicates that representatives from Trump’s family have engaged in discussions about acquiring an ownership share in Binance US, shortly after MGX, an Abu Dhabi-based firm, invested $2 billion for a minority stake in the exchange.

Additionally, sources suggest that CZ has been lobbying the current administration for a pardon following his involvement in anti-money laundering violations, which led to his four-month sentence last year.

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The Trump family’s potential investment in Binance US and CZ’s efforts to secure a pardon could be interconnected, especially since Zhao is believed to remain the largest shareholder in the exchange. His influence may play a significant role in any efforts to expand the Trump family’s involvement with the crypto platform in the U.S.

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Deyan Angelov

Active crypto trader who also follows news related to stocks, the S&P 500, and gold. Deyan enjoys staying physically active, trains regularly, and practices calisthenics. He also likes reading sci-fi books when he has the time.