The Trump family would be in talks to acquire participation in the American arm of Binance
President Trump’s family weighed an investment in Binance.us, according to a report Wall Street Journal. The investment would occur a few years after the American arm of Binance guilty To violate the anti-money laundering regulations.
As part of this guilt, the founder of Binance, Changpeng Zhao, better known as CZ, paid a fine of $ 4.3 billion and spent four months in prison in 2023. He also agreed to resign as CEO – but remains the main shareholder in the exchange of cryptocurrency.
Zhao is currently the 24th richest person in the world, according to Forbes classification. The WSJ says he was putting pressure on the Trump administration for a forgiveness.
Zhao’s conviction has made it difficult for Binance to find business partners in the United States or request cryptographic licenses in Europe. “I had no discussion on a binance with whom will face us … Well, anyone”, Zhao said In an article on X refuting WSJ reports.
But if discussions between the Binance and the representatives of the Trump family indeed take place, this seems to be summed up in a simple question: what is the value of a presidential forgiveness?
