Trump family is reportedly in talks to acquire stake in Binance’s US arm

image via TechCrunch

March 14, 2025, 10:12 AM

• •President Trump's family has been weighing an investment in Binance.US
• •Binance's U.S. arm pleaded guilty to violating anti-money laundering regulation in 2023
• •Binance's founder Changpeng Zhao has been pushing for a pardon from the Trump administration

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.

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