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Trump Family Has Held Deal Talks With Binance Following Crypto Exchange’s Guilty Plea (www.wsj.com)

submitted 5 days ago by misk@sopuli.xyz to c/finance@beehaw.org

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Archive: https://archive.is/2025.03.13-222059/https://www.wsj.com/finance/currencies/trump-family-has-held-deal-talks-with-binance-following-crypto-exchanges-guilty-plea-05b029fa

Representatives of President Trump’s family have held talks to take a financial stake in the U.S. arm of crypto exchange Binance, according to people familiar with the matter, a move that would put Trump in business with the firm that pleaded guilty in 2023 to violating anti-money-laundering requirements.

At the same time, Binance’s billionaire founder, Changpeng Zhao—who served four months in prison after pleading guilty to a related charge—has been pushing for the Trump administration to grant him a pardon, people familiar with the matter said. Zhao, widely known as CZ, remains Binance’s largest shareholder.

The talks began after Binance reached out to allies of Trump last year offering to strike a business deal with the family as part of a plan to return the exiled company to the U.S.

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[–] melp@beehaw.org 2 points 5 days ago* (last edited 5 days ago) (1 children)

Welp. Canceling that account.

[–] Megaman_EXE@beehaw.org 2 points 4 days ago* (last edited 4 days ago)

Can you even cancel a binance account? I think they still hold your data for a while