Donald Trump’s family is reportedly eyeing acquiring a stake in the US arm of the crypto exchange Binance. This comes as the exchange’s founder is allegedly seeking a pardon for his guilty plea in 2023, which led to his imprisonment.
Trump’s Family Eyes Stake In Binance US
According to a WSJ report, US President Donald Trump’s family representatives have held talks to acquire a stake in Binance’s US arm. This comes just after the top crypto exchange announced that Abu Dhabi-based MGX had invested $2 billion in the exchange to acquire a minority stake.
Meanwhile, the WSJ report also revealed that the exchange’s founder Changpeng “CZ” Zhao is also pushing for Trump’s administration to grant him a pardon. Last year, CZ served a four-month sentence after he and Binance US pleaded guilty to anti-money laundering violations.
Both the Trump family’s move to acquire a stake in Binance US and CZ’s push for a pardon could intertwine, especially considering that the exchange’s founder is allegedly still the largest shareholder. As such, he could play a major role in Trump’s move to acquire a stake in the top crypto exchange’s US arm.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
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