Trump family held talks with Binance for stake in crypto exchange — Report

Representatives of US President Donald Trump’s household have reportedly held talks with Binance about probably buying a stake within the crypto alternate.

Binance reached out to Trump’s household representatives in 2024, providing to strike a enterprise deal as a part of a plan to renew Binance.US operations within the nation, The Wall Road Journal reported on March 13.

Citing sources aware of the matter, the report talked about that Binance’s billionaire founder Changpeng Zhao — who served four months in prison in the US — has been pushing for the Trump administration to grant him a pardon.

“It’s unclear what kind the Trump household stake would take if the deal comes collectively or whether or not it will be contingent on a pardon,” the report mentioned.

World Liberty Monetary amongst deal choices

In accordance with WSJ, a possible alternative could possibly be a situation the place Trump takes the stake in Binance or proceeds with the deal via World Liberty Financial, a Trump-backed crypto enterprise launched in September.

Trump has emerged because the US first “crypto president,” launching his Official Trump (TRUMP) memecoin days earlier than returning to the White Home on Jan. 20, 2025. An identical memecoin subsequently came from Trump’s wife, Melania, whereas Trump’s son, Eric Trump, has been actively pushing for Bitcoin (BTC) and crypto adoption as nicely.

Cointelegraph approached Binance for a remark relating to the report on the alleged deal however didn’t obtain a response by publication.

Trump slams WSJ for “polluted considering” of the EU

Minutes earlier than the WSJ article was printed at 1:00 pm UTC, Trump took to Reality Social to slam the publication for allegedly reporting mistaken info.

“The Globalist Wall Road Journal has no concept what they’re doing or saying. They’re owned by the polluted considering of the European Union, which was fashioned for the first function of ‘screwing’ america of America,” the president wrote.