Media: Trump May Acquire a Stake in BinanceUS

The family of U.S. President Donald Trump is considering acquiring a stake in BinanceUS, the American subsidiary of the world's largest cryptocurrency exchange, according to The Wall Street Journal.

According to the source, several deal options are possible, including the possibility that Trump’s involvement will be formalized through World Liberty Financial—a crypto project of the President's sons. It is noteworthy that at the end of 2023, Binance admitted guilt over accusations of violating U.S. anti-money laundering laws and agreed to pay a $4.3 billion fine. The platform's founder, Changpeng Zhao, spent four months in jail and stepped down as CEO of the company.

Currently, Zhao is seeking a pardon from the U.S. President. If granted, Binance could operate more smoothly in the U.S. and the European Union.

Earlier, the American cryptocurrency exchange Binance.US resumed allowing clients to make deposits and withdrawals in U.S. dollars after nearly 18 months of restrictions.