A recent report alleges that the Trump family has been in conversations to take a participation in the American arm of Crypto Exchange Binance, which could facilitate the return of the company to the country. Simultaneously, the co -founder of the exchange, Changpeng Zhao, also known as “CZ”, has supposedly “pressing” for a forgiveness of the Trump administration.
The Trump family in ‘Deal Speech’ for the US Binance stake?
On Thursday, The Wall Street Journal (WSJ) reported That the representatives of the family of the president of the United States, Donald Trump, have had conversations to acquire a financial participation in Binance US since 2024. According to people familiar with the matter, conversations supposedly began as part of the global exchange plan to return to the United States.
According to reports, Binance contacted Trump camp, offering a commercial agreement with the presidential family. The company “began exploring a return to the US market last year at the time of Trump’s electoral victory” and “told People that he was willing to reach Trump’s company and wanted to eliminate his legal problems,” says the report.
However, it was not clear how the participation of the Trump family would join if it reached an agreement. The WSJ sources said the options included the agreement that passed through the Trump Family cryptographic company, World Liberty Financial (WLF).
In addition, Steve Witkoff, the special envoy of the United States to the Middle East, was apparently involved in agreement conversations. Witkoff is co -founder of WLF, but an official of the Trump administration denied any participation, and added that he is “in the process of disinversion of his commercial interests.”
The report states that “after Trump won, Binance established a working group under the CEO Richard Teng, which included the high legal and compliance staff, to evaluate the options. Executives knew that Zhao’s conviction complicated any performance, since it would be difficult to register new commercial partners in the United States with a criminal as a majority shareholder. “
As a result, the company’s executive “saw a possible legal play book in the Justin Sun saga”, who recently had the Bag and Securities Commission (SEC) stops his lawsuit against him. This route consisted of “an infusion of cash in World Liberty Financial in exchange for a forgiveness for Zhao,” sources told the News average outlet.
CZ denies the “pushing” statements for forgiveness
The report also declared that Changpeng Zhao, co -founder of Binance and most interested, has been “pressing so that the Trump administration gives a forgiveness” amid the conversations of agreement, which allegedly continued after the inauguration of the president of the United States.
The news caused outrage between several cryptographic investors, who considered the possible financial agreement for a forgiveness “cherry at the top” of the recent controversies of Memecoin de Trump and Melania.
CZ responded to the report, denying the accusations. In an X post, he said: “WSJ’s article was wrong.” He explained that more than 20 people informed him that they had been asked to confirm the “agreement for forgiveness” by WSJ and other media.
Changpeng Zhao denies WSJ's allegations. Source: CZ on X
According to the founder of Binance, he has not discussed a Binance treatment with anyone, but pointed out: “No criminal would be a forgiveness, especially the only one in the history of the United States that was sentenced to prison for a single position of BSA.”
For him, “they struggled to make a story to inform”, while the article feels like “an attack against the president and cryptography, and the residual forces of the” war on cryptography “of the last administration are still in operation.”
Meanwhile, Bloomberg reported On Thursday, WLF “has argued to do business with the exchange of larger digital assets in the world, Binance Holdings Ltd., according to four people with knowledge of conversations.”
The article declared that it is not clear what stage reached these discussions, but included the possibility that the exchange of cryptography develops a stablecoin backed by the United States with the cryptographic company of the Trump family.
BNB trades at $587 in the one-week chart. Source: BNBUSDT on TradingView
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