Trump family is reportedly in talks to acquire stake in Binance’s US arm
Latest
AI
Amazon
Apps
Biotech & Health
Climate
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
Fundraising
Gadgets
Gaming
Government & Policy
Hardware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
Social
Space
Startups
TikTok
Transportation
Venture
Events
Startup Battlefield
StrictlyVC
Newsletters
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Posted:
President Trump’s family has been weighing an investment in Binance.US, according to a report from the Wall Street Journal. The investment would come just a couple of years after Binance’s U.S. arm pleaded guilty to violating anti-money laundering regulation.
As part of that guilty plea, Binance’s founder Changpeng Zhao, better known as CZ, paid a $4.3 billion fine and spent four months in prison back in 2023. He also agreed to step down as CEO — but remains the main shareholder in the cryptocurrency exchange.
Zhao is currently the 24th richest person in the world, according to Forbes’ ranking. The WSJ claims he’s been pushing for a pardon from the Trump administration.
Zhao’s conviction has made it difficult for Binance to find commercial partners in the U.S. or apply for crypto licenses in Europe. “I have had no discussions of a Binance U.S. deal with… well, anyone,” Zhao said in a post on X refuting the WSJ’s reporting.
But if discussions between Binance and representatives of the Trump family are indeed taking place, it seems to boil down to a simple question: what’s the value of a presidential pardon?
Topics
Subscribe for the industry’s biggest tech news
Every weekday and Sunday, you can get the best of TechCrunch’s coverage.
TechCrunch's AI experts cover the latest news in the fast-moving field.
Every Monday, gets you up to speed on the latest advances in aerospace.
Startups are the core of TechCrunch, so get our best coverage delivered weekly.
By submitting your email, you agree to our Terms and Privacy Notice.
© 2025 Yahoo.
EMEA Tribune is not responsible for this news, news agencies have provided us this news.
Follow us on our WhatsApp channel here .
