Trump Family in Talks for Stake in Binance's U.S. Division - WSJ

According to a report by the Wall Street Journal, citing sources close to the matter, representatives of President Trump are in discussions to acquire a financial stake in the U.S. division of the cryptocurrency exchange Binance, which admitted to violating anti-money laundering regulations in 2023. After accepting the related charges, Binance’s billionaire founder Changpeng Zhao, who received a four-month prison sentence, is seeking a pardon from the Trump administration. Known as CZ, Zhao remains the largest shareholder of Binance.

These discussions reportedly began following Binance's proposal of a business deal to Trump’s allies last year, which was part of a strategy to bring the banned company back to the U.S. The specifics of the Trump family's potential stake in the deal remain unclear, including whether it will hinge on the granting of a pardon. The Trumps might directly purchase the stake or the transaction could be facilitated through World Liberty Financial, a cryptocurrency initiative backed by the Trump family launched in September.