The family of President Donald Trump is negotiating to acquire financial shares in Binance US. If successful, they will have a direct business relationship with the world’s largest cryptocurrency exchange.

Previously, in 2023, binance admitted to violating U.S. anti-money laundering regulations, paid billions of dollars in fines, and its founder CZ was sentenced to 4 months in prison.

This news, if true, would be even more shocking than the report of a Dubai fund spending $2 billion to purchase Binance shares yesterday.

Currently, CZ remains the largest shareholder of Binance and is lobbying for a presidential pardon from Trump. If successful, this could help restore Binance’s reputation and operations in the U.S.

The investment deal between the Trump family and Binance US, if completed, could be controversial, especially with the upcoming U.S. presidential election, raising many questions about its political and legal impacts.

The Trump family may own Binance US shares directly or through World Liberty Financial, a cryptocurrency project backed by Trump. If the deal succeeds, they will expand their presence in the crypto sector, creating an unprecedented intersection between business interests and government policy.

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