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People familiar with the matter: Binance contacted Trump allies last year to propose a business deal with the Trump family
2025-03-13 13:23

Odaily News Negotiations began last year after Binance approached Trump allies and proposed a business deal with the Trump family as part of a plan to return the exiled company to the United States, according to people familiar with the matter. Representatives of the Trump family have negotiated to acquire a financial stake in the U.S. branch of cryptocurrency exchange Binance, a move that would allow Trump to do business with the company, which pleaded guilty in 2023 to violating anti-money laundering requirements. Meanwhile, Binance founder CZ has been urging the Trump administration to pardon him, according to people familiar with the matter. He was previously sentenced to four months in prison after pleading guilty to a related charge. It is unclear what form the Trump family's stake would take if a deal is reached, or whether it would be conditional on a pardon. (WSJ)