{"id":10024,"date":"2025-03-14T10:26:14","date_gmt":"2025-03-14T10:26:14","guid":{"rendered":"https:\/\/fusionmindlabs.com\/blogs\/trump-family-eyes-stake-in-binance-us\/"},"modified":"2025-03-14T10:26:14","modified_gmt":"2025-03-14T10:26:14","slug":"trump-family-eyes-stake-in-binance-us","status":"publish","type":"post","link":"https:\/\/fusionmindlabs.com\/blogs\/trump-family-eyes-stake-in-binance-us\/","title":{"rendered":"Trump family eyes stake in Binance US"},"content":{"rendered":"\n<\/p>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">According to a <a rel=\"nofollow noopener\" href=\"https:\/\/www.wsj.com\/finance\/currencies\/trump-family-has-held-deal-talks-with-binance-following-crypto-exchanges-guilty-plea-05b029fa?mod=hp_lead_pos7\" target=\"_blank\">report<\/a> by the Wall Street Journal, the family of President Trump is considering an investment in Binance.US. This potential investment comes just a few years after Binance&#8217;s US subsidiary <a href=\"https:\/\/techcrunch.com\/2023\/11\/21\/binance-to-pay-4-3b-in-fines-and-ceo-cz-to-step-down-plead-guilty-to-anti-money-laundering-charges\/\" rel=\"nofollow noopener\" target=\"_blank\">admitted guilt<\/a> to breaching anti-money laundering regulations.<\/p>\n<p class=\"wp-block-paragraph\">As a result of the guilty plea, Changpeng Zhao, also known as CZ and the founder of Binance, paid a $4.3 billion fine and served a four-month prison sentence in 2023. Additionally, he stepped down as CEO, although he remains the primary shareholder of the cryptocurrency exchange.<\/p>\n<p class=\"wp-block-paragraph\">Currently, Zhao ranks as the 24th wealthiest individual globally, as per <a rel=\"nofollow noopener\" href=\"https:\/\/www.forbes.com\/real-time-billionaires\/#71c8084f3d78\" target=\"_blank\">Forbes&#8217; rankings<\/a>. The Wall Street Journal claims that he has been seeking a pardon from the Trump administration.<\/p>\n<p class=\"wp-block-paragraph\">Zhao&#8217;s conviction has created challenges for Binance in securing commercial partnerships in the US and obtaining crypto licenses in Europe. In a post on X, Zhao <a rel=\"nofollow\" href=\"https:\/\/x.com\/cz_binance\/status\/1900194883891322948\" target=\"_blank\">stated<\/a> that he has not engaged in discussions regarding a Binance US deal with anyone, thus refuting the WSJ&#8217;s report.<\/p>\n<p class=\"wp-block-paragraph\">If discussions between Binance and the Trump family&#8217;s representatives are indeed taking place, the situation seems to revolve around a fundamental question: what is the value of a presidential pardon?<\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/techcrunch.com\/2025\/03\/14\/trump-family-is-reportedly-in-talks-to-acquire-stake-in-binances-us-arm\/\" rel=\"nofollow noopener\" target=\"_blank\">Source Link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a report by the Wall Street Journal, the family of President Trump is considering an investment in Binance.US. This potential investment comes just a few years after Binance&#8217;s&#8230;<\/p>\n","protected":false},"author":0,"featured_media":10025,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[1454,3195,121],"class_list":["post-10024","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-binance","tag-cz","tag-trump"],"jetpack_featured_media_url":"https:\/\/fusionmindlabs.com\/blogs\/wp-content\/uploads\/sites\/9\/2025\/03\/GettyImages-1244426540.jpg","_links":{"self":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/10024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/comments?post=10024"}],"version-history":[{"count":0,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/10024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media\/10025"}],"wp:attachment":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media?parent=10024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/categories?post=10024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/tags?post=10024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}