Binance, the largest cryptocurrency exchange in the world, plots a return to the United States based on new ties to the Trump family.
According to the Wall Street Journal, Binance leaders met the US Treasury officials last month to request the abolition or reduction of federal follow-up which supervised the compliance of the stock exchange with anti-white money since it pleaded guilty in 2023 and paid a record fine of $ 4.3 billion.
Canada also sentenced a fine, but the penalty was much lower to $ 4.3 million.
At the same time, Binance explored a trade agreement with World Liberty Financial (WLFI), a company DEFI which claims to be “inspired” by President Donald Trump and plans to launch a stable stable of the dollar called USD1. The registration of the Binance token could generate billions for the Trumps, which are currently losing millions in WLFI.
Trump and his family control more than 60% of the WLFI project.
The WSJ reports that Binance’s grass alliance with the Trump family stems from a private rally in Abu Dhabi last December. The founder of Binance, Changpeng Zhao, met Eric Trump and Steve Witkoff, who helped Co-Fonder World Liberty.
Quick advance for now: the Quid Pro quo for the Trump administration offers a chance to retreat strict surveillance; For the Trumps, the massive world scope of Binance – 250 million users and $ 65 billion in daily volume – could strengthen the ambitions of family cryptography.
Crypto.News contacted WLFI, but a spokesperson did not immediately respond with a comment.
The Trump administration has already made favorable movements to exchange, in particular by dissolving a unit of application of the cryptography of the Ministry of Justice.
Internally, Binance is also looking for a presidential forgiveness for Zhao, who served four months in prison for having violated the American regulations for the fight against money laundering and sanctions.
A Binance spokesperson did not respond to a comment request.
Meanwhile, Trump’s representatives would have discussed the purchase of participation in Binance.us, the American arm in difficulty in the exchange and use of Zhao links to deepen the partnership.
The situation highlights the unusual overlap between the targets of the antecedent application and a white house now open to alliances with large cryptographic caps. With Trump – himself a condemned criminal – already forgiven personalities like the co -founder of Bitmex Arthur Hayes, the new crypto era in Washington, DC, seems to reward the “bad actors” that the leaders of the sector complain.
