According to reports, representatives of the family of US President Donald Trump have discussed buying stock in Binance.
As part of a plan to restart Binance, Binance contacted members of Trump’s family in 2024 and offered to make a deal. On March 13, The Wall Street Journal published an article about US efforts in the nation.
According to the article, which cited people with knowledge of the situation, Changpeng Zhao, the billionaire founder of Binance, has been urging the Trump administration to pardon him after serving four months in prison in the United States.
The article stated, “It is unclear whether the Trump family stake would be contingent on a pardon or what form it would take if the deal comes together.”
Among the alternatives for a merger is World Liberty Financial.
A scenario in which Trump purchases stock in Binance or completes the transaction through World Liberty Financial (WLFI), a Trump-backed cryptocurrency company founded in September 2024, might present a chance, according to WSJ.
Days before he returned to the White House on January 20, Trump launched his Official Trump (TRUMP) memecoin, making him the first “crypto president” in US history. Melania Trump, Trump’s wife, later created a memecoin that was similar, and Eric Trump, Trump’s son, has been aggressively promoting the adoption of cryptocurrencies like Bitcoin BTC $81,593.
Regarding the story on the purported deal, Cointelegraph contacted Binance for comment; but, by the time of publishing, they had not heard back.
According to The Wall Street Journal, Binance executives also expected a possible settlement in the Securities and Exchange Commission’s (SEC) civil action against Justin Sun, the founder of Tron.
Sun jointly requested a US court to stop his lawsuit with the SEC in February 2025 after announcing in November 2024 that he would invest $30 million in Trump’s WLFI.
On March 7, 2025, Sun and no officials from Binance attended the inaugural White House Crypto Summit.
