Reportedly, Donald Trump’s family is in talks to acquire some stakes in the Binance crypto exchange.
Summary
- Donald Trump’s family is interested in acquiring some stakes in the Binance exchange.
- CZ is seeking a Pardon from the US president.
- Following this news, the trade price of $BNB coin surged 6%.
On 13 March 2025, Wall Street Journal (WSJ) reported that the US President Donald Trump’s family is currently in talks to buy stakes in the BinanceUS crypto exchange.
Trump’s family representatives reportedly held a discussion on this matter with the U.S. arm of crypto exchange Binance, insiders disclosed.
WSJ reported that people familiar with the matter disclosed that Binance’s former CEO Changpeng Zhao (CZ), the biggest stakeholder in BinanceUS, has been pushing US President Trump to get a pardon from him.
A popular Indian crypto influencer who has expertise in Indian crypto laws, Kashif Raza, claimed Trump’s family would acquire a minor stake in the Binance platform, and CZ would probably put a condition of getting a “Pardon”.
If all this is true then CZ will be free from legal restrictions he is currently facing as a part of a settlement with the US authorities.
The Bitcoinik.com readers need to know that CZ already clarified in the past that he will never play the role of Binance’s CEO again, regardless of the legal boundaries.
History Around Binance vs US Authorities
In April 2024, CZ was found guilty of charges related to money laundering. As per charges, Binance exchange provided crypto services to US-based crypto investors without KYC verification.
However, there was no strong evidence to prove charges against CZ, but he admitted all the charges. He served his sentence from 30 May 2024 to 27 September 2024 and paid $4.3 billion in fines. Also as a part of settlement with the US authorities, CZ stepped down from the Binance CEO role.
It is worth it to note that Binance’s case with the United States Securities and Exchange Commission (SEC) is still active, but the Binance legal representatives are doing their work with very high optimism as the SEC body softens its stance toward this innovative space.
Binance Coin (BNB) Price Action
Binance Coin is a native coin of the Binance Smart Chain (BSC) network. Binance exchange supports this token in the form of a native token, but the exchange always maintains that Binance coin & Binance exchange, both the Crypto products, totally isolated & managed by independent companies in their own ways.
The developments related to Trump’s family interest in BinanceUS injected a very high level of confidence among the crypto investors.
The current trade price of $BNB coin is $587 & this price level is 3.53% higher over the last 24 hours trading period.
Read also: Ripple Team Blamed for Delaying XRP Lawsuit Final Verdict!
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