The WSJ is reporting that the Trump family has held deal talks with Binance following the crypto exchanges guilty plea.

According to the article:

  • Trump’s family representatives have discussed taking a financial stake in Binance.US.
  • Binance founder Changpeng Zhao, who served four months in prison, is seeking a pardon from the Trump administration.
  • Talks began after Binance approached Trump allies to facilitate its return to the U.S.
  • Possible deal structures include a direct stake or involvement through World Liberty Financial, a Trump-backed crypto venture.
  • A stake in Binance.US would significantly expand the Trump family's cryptocurrency ventures.
  • This deal would create an unprecedented overlap between Trump's business interests and government actions.
  • Trump has recently signed executive orders benefiting the cryptocurrency industry.

HMMM...

Source: Forex Live