Trump Family in Talks to Acquire Stake in Binance's U.S. Arm

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Published Mar 13, 2025, 01:20 PM

Representatives of President Trump's family have held talks to acquire a financial stake in the U.S. arm of cryptocurrency exchange Binance, according to people familiar with the matter. The discussions began after Binance reached out to Trump's allies, offering a business deal as part of a plan to return the exchange to the United States. Real estate developer Steve Witkoff has been involved in the negotiations between the Trump family and Binance. One option under consideration is for the deal to involve World Liberty Financial, a Trump-backed crypto venture. This move could integrate Binance's operations with the Trump family's financial interests in the cryptocurrency sector. Binance founder and CEO Changpeng Zhao has reportedly been pushing the Trump administration for a pardon following the exchange's guilty plea in 2023 to violating U.S. laws. The potential investment by the Trump family could signify a strategic partnership aimed at bolstering Binance's position in the U.S. market amidst regulatory challenges.

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