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…
This article was written by Greg Michalowski at www.forexlive.com.
