The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: Elroy Jetson	3/13/2025 9:43:58 AM
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Trump Family Has Held Deal Talks for stake in Binance’s U.S. arm with founder Changpeng Zhao Following Guilty Plea Binance Founder Changpeng Zhao has pushes for the administration to pardon him for his personal 2023 guilty plea as part of Trump Family Deal - wsj.com The talks began after Binance reached out to allies of Trump last year offering to strike a business deal with the family to return the exiled company to the U.S. It is unclear what form the Trump family stake would take if the deal comes together or whether it would be contingent on a pardon. The possibilities include the Trumps taking the stake or the deal going through World Liberty Financial, a cryptocurrency venture backed by the Trumps that launched in September, the people said. Steve Witkoff, a longtime friend of Trump’s who is now his top negotiator in the Middle East and for the war in Ukraine, has been involved in the talks for a deal, some of the people familiar with the matter said. Trump has increasingly blurred the boundaries between the presidency and his business ventures. His family has been profiting from his election victory, with first lady Melania Trump signing a $40 million documentary deal and Trump seeking tens of millions in financial settlements from companies he had sued years earlier. But pursuing a business deal involving a felon seeking a pardon from his administration would be an unprecedented overlap of his business and the government. A stake in Binance.US would also be a striking expansion of the family’s cryptocurrency endeavors as Trump signs a series of executive orders that benefit the industry. In 2023, Binance agreed to pay fines totaling $4.3 billion to settle the allegations. As part of the settlement, Zhao was required to step down as Binance’s chief executive, but he remains the majority shareholder. He was released from prison in September and lives in Abu Dhabi. For Binance, a pardon for Zhao would clear the way for the company to return to the U.S. market, and could make it easier for the company to do business abroad. For the Trump family, a stake in Binance.US would give them the opportunity to participate in the potential revival of a onetime competitor to Coinbase in the U.S. crypto trading market, which is thriving as the administration rolls back regulatory threats that limited its growth.

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