The Trump family has reportedly engaged in discussions with Binance regarding the possibility of acquiring a stake in the prominent cryptocurrency exchange. Binance initiated contact with Trump's family representatives in 2024, aiming to establish a business deal as part of its strategy to resume operations in the United States. Sources referenced in a Wall Street Journal report indicate that Changpeng Zhao, Binance’s billionaire founder, has been advocating for a presidential pardon from the Trump administration. However, it remains uncertain what structure the Trump family's potential stake might take and whether it would hinge on such a pardon. The report suggests that Trump might take the stake directly or pursue it through World Liberty Financial, a cryptocurrency venture he backed that launched in September. Trump has also positioned himself as a significant figure in the crypto community, having promoted a memecoin named TRUMP shortly before returning to the presidency on January 20, 2025, further stimulating interest in crypto markets. Cointelegraph reached out to Binance for comments but received no response at the time of publication. This story is developing and will continue to evolve as new information emerges.

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