The Wall Street Journal (WSJ) shown That the representatives of the family of the President of the United States Donald Trump held discussions with Binance on the acquisition potentially of a participation in the largest cryptocurrency exchange in the world.
On March 13, 2025, the WSJ said that Binance contacted the representatives of the Trump family in 2024, offering a commercial agreement as part of a wider strategy to resume binance. This move also arrives at a time when the former CEO of Binance Changpeng Zhao is looking for a presidential forgiveness.
By criticizing the relationship, Zhao said: “No criminal would have sorry for a forgiveness, above all being the only one in the history of the United States that has ever been sentenced to prison for a single BSA charge”.
The WSJ report also suggested that Trump could acquire a participation in Binance or use his encryption company, World Liberty Financial (WLFI), for a similar agreement.
Breaking: Trump Family was at stake for the Crypto Exchange Binance game, the sources say: WSJ$ BNB > 600 pic.twitter.com/fyp4bruzow
– Hodlfm team (@hodl_fm) March 13, 2025
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Trump and Zhao criticizes TSJ
4. I’m sorry to disappoint. The WSJ article made the wrong facts.
More than 20 people have told me that they were asked by the WSJ (and by another media), “Can you confirm that CZ did some forgiveness agreement?”
They probably asked hundreds of people to have 20 people who contact me. In … https://t.co/elydpmk3g
– Cz
BNB (@cz_binance) March 13, 2025
For Binance, this potential partnership represents a fundamental opportunity to return to the US market after dealing with significant regulatory challenges.
Zhao, who served four months in prison in the United States after declaring himself guilty of violation of the anti -money laundering requirements, pushed for the Trump administration to grant him a forgiveness. In the past, the company’s arm of the company has seen its market share fall from 27% to just over 1% after regulatory shares.
According to reports, Steve Witkoff, a Trump friend for a long time that acts as a special correspondent in the Middle East, has been involved in negotiations.
Meanwhile, Trump has criticized the WSJ. “The Globalist Wall Street Journal has no idea what they are doing or saying. They are owned by the polluted thought of the European Union, which was formed for the main purpose of “ruining” the United States of America “, wrote Trump on Truth Social.
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The family of the President of the United States Donald Trump may have kept discussions with Binance on the acquisition potentially of a participation in the largest cryptocurrency exchange in the world.
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Trump could acquire a participation in Binance or use his cryptovaria, World Liberty Financial (WLFI), for a similar agreement.
The post Trump family in the talks for the pole in Binance while Changpeng Zhao is looking for presidential forgiveness appeared for the first time on 99 bitcoins.