According to the reports, the representatives of the family of US President Donald Trump made conversations to acquire a financial participation in Binance.US, the American arm of the world’s largest cryptocurrency exchange.
According to a report by the Wall Street Journal (WSJ), which cited people familiar with the matter, the discussion began last year after Binance communicated with Trump allies to ensure a commercial agreement with the family as part of a broader strategy to restore their presence in the United States.
“It is not clear what form would take the participation of the Trump family if the agreement joins or if it would be contingent in a forgiveness,” the report fixed.
However, he added that a possibility in discussion is that the agreement could go through World Liberty Financial, a decentralized finance project (defi) backed by Trumps.
While the statements have not been confirmed, Steve Witkoff, a long -time associate of former President Trump and his main negotiator in matters of the Middle East, has been involved in discussions.
CZ pushes for forgiveness
At the same time, Changpeng “CZ” Zhao, co -founder and former CEO of Binance, is also chasing a forgiveness of the Trump administration, according to the report.
In November 2023, CZ begged to violate American anti-launch laws, specifically the Bank Secret Law. According to US prosecutors, he could not implement an effective AML program in Binance, which allowed “money to flow to terrorists, cybercriminals and child abusers through their platform.”
As part of the guilt agreement, he served a four -month sentence, he resigned as CEO, paid a fine of $ 50 million and Binance was resolved for $ 4.3 billion. While it is still a great shareholder in Binance, any direct role in the management or operation of the company was prohibited.
A possible return to the United States?
A forgiveness for CZ would significantly affect Binance’s ability to operate in the US. And strengthen their global commercial perspectives. On the other hand, the potential participation of the Trump family in Binance.us could provide the opportunity to compete with Coinbase, since the US cryptocurrency market. UU. Experience renewed growth in the middle of a changing regulatory landscape.
Binance has been working on a possible return to the US market after Trump’s electoral victory in November. According to reports, the company is open to reach an agreement with Trump’s company to leave its legal problems in the country behind.
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