The Wall Street Journal (WSJ) reported that representatives of the family of American president Donald Trump had discussions with Binance on the potential obtaining of participation in the greatest exchange of cryptocurrency in the world.
On March 13, 2025, the WSJ said that Binance had contacted Trump family representatives in 2024, offering a trade agreement as part of a wider strategy to take over the Binance. This decision also arrives at a time when the former chief of the Binance Changpeng Zhao is looking for a presidential forgiveness.
Criticizing the report, Zhao said: “No criminal would care about forgiveness, especially to be the only one in American history to have been sentenced to prison for a single accusation of BSA.”
The WSJ report also suggested that Trump could acquire participation in Binance or use his crypto business, World Liberty Financial (WLFI), for a similar agreement.
Breaking: The Trump family was in talks for participation in Crypto Exchange Binance, say sources – WSJ$ Bnb > 600 pic.twitter.com/fyp4bruzow
– Hodlfm team (@hodl_fm) March 13, 2025
Breaking: The Trump family was in talks for participation in Crypto Exchange Binance, say sources – WSJEXPLORE: 10 best coins IA Crypto to invest in 2025
Trump and Zhao criticize TSJ
4. Sorry to disappoint. The WSJ article was wrong.
More than 20 people told me that they had been questioned by the WSJ (and another media): “Can you confirm that CZ has made an agreement for forgiveness?”
They probably asked hundreds of people that 20 people contact me. In…
– CZ
BNB (@cz_binance) For Binance, this potential partnership represents a critical opportunity to reintegrate the US market after having faced significant regulatory challenges.
Zhao, who served four months in prison in the United States after pleading guilty of having violated the anti-money laundering requirements, put pressure for the Trump administration to give him a forgiveness. In the past, the company’s American arm has seen its market share go from 27% to just over 1% after regulatory shares.
According to some information, Steve Witkoff, a longtime friend of Trump who serves his special envoy in the Middle East, was involved in the negotiations.
Meanwhile, Trump criticized the WSJ. “The Globalist Wall Street Journal has no idea what they are doing or say. They belong to the polluted thought of the European Union, which was formed in the main purpose of “kissing” the United States of America, “wrote Trump on Truth Social.
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Main to remember
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The family of American president Donald Trump may have had discussions with Binance on the potential acquisition of participation in the greatest exchange of cryptocurrency in the world.
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Trump could acquire participation in Binance or use his crypto business, World Liberty Financial (WLFI), for a similar agreement.
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