Trump Family Reportedly Explores Stake in Binance Amid Controversy

Discussions reportedly involve a financial investment in Binance's U.S. arm and speculation about a potential presidential pardon for its founder.

The Trump family is reportedly in talks to acquire a stake in Binance's U.S. operations, possibly through their crypto firm, World Liberty Financial.
Binance founder Changpeng Zhao, who served four months in prison for violating anti-money laundering laws, has denied seeking a pardon or engaging in such discussions.
The Wall Street Journal claims Binance approached Trump allies in 2024, seeking a deal to re-enter the U.S. market, which it exited following legal troubles.
Critics have raised conflict-of-interest concerns, particularly as the Trump administration promotes pro-crypto policies, including the creation of a national Bitcoin reserve.
Steve Witkoff, a Trump ally and special envoy, is reportedly involved in the discussions, though administration officials deny any direct involvement.