US President Donald Trump’s family, Binance, one of the world’s largest crypto currency exchanges, was allegedly evaluating investing in Binance.us, a subsidiary of the United States. According to The Wall Street Journal (WSJ); Negotiations are being conducted between the Trump family and Binance. This possible investment came up just a few years after Binance.us acknowledged that he had violated money laundering arrangements in the United States.
Binance, an important player in the crypto currency market, accepted charges in 2023 by the US authorities and faced serious sanctions. Binance’s founder Changpeng Zhao had to pay a record penalty of $ 4.3 billion on the grounds that he had violated money laundering laws. In addition, Zhao was imprisoned for four months and resigned from the company’s CEO. However, as Binance’s greatest shareholder, it continues to maintain its influence on the company.
According to the list of billionaires prepared by Forbes in 2024, Zhao is the 24th richest in the world. WSJ’s report, Zhao’s connections with the Trump administration is claimed to have lobbying to get a presidential amnesty. However, this claim has not been confirmed by any official source.
Binance’s legal processes in the United States negatively affected the company’s commercial activities in the country. In particular, it is difficult for Binance.us to find commercial partners and cooperate with financial service providers. In addition, Binance’s ability to obtain crypto currency licenses in Europe has been adversely affected by this process.
Binance’s founder Zhao denied WSJ’s claims. Social Media Platform X shared on the X, “Binance.us about any agreement with any of the agreements,” he said. Despite this statement, the claim that the talks between the Trump family and Binance.us continues to be on the agenda.
The possibility of investing in the Trump family in Binance.us has aroused a great impact both in the crypto money market and in political circles. “Is it possible to overcome Binance’s legal problems in the United States with the support of Trump administration?” While the question comes to mind, the political and legal consequences of such a partnership are discussed.
The possible partnership between the Trump family and the Binance.us has become a matter of both financial and political dimensions. How to conclude the talks and the future of Binance in the United States is among the developments to be closely monitored in the coming period.