The Trump family is considering an investment in Binance US as discussions about a potential pardon for CZ increase.

The Trump family is said to be considering a major investment in Binance US, which is attempting to overcome regulatory challenges. CZ, who is looking for a presidential pardon, believes that Trump’s involvement could help clear his criminal record and revive his financial power. Additionally, it has been reported that Donald Trump’s family is interested in a substantial investment in Binance’s American division, the cryptocurrency exchange that recently garnered attention for its $4.3 billion legal settlement. This news arises as Changpeng “CZ” Zhao, the founder of the exchange, is pursuing a presidential pardon to expunge his record after pleading guilty in 2023. The Wall Street Journal reports that talks between representatives of Trump and Binance US commenced after the exchange contacted Trump associates earlier this year. Binance has allegedly suggested a possible agreement in its ongoing attempts to restore its US operations, which have faced significant challenges due to regulatory examination. At the same time, CZ, who resigned as the CEO of Binance last year and completed a four-month prison term, is seeking Trump’s help for a pardon. If this approval is received, it might clear his criminal history, which could enable him to reintegrate into the US financial sector. Binance faces a $4.3 billion penalty, alongside a possible investment twist involving Trump. The exact involvement of the Trump family in Binance US is currently unclear, as discussions are still ongoing. Nonetheless, sources indicate that the funding might be channeled through World Liberty Financial, a cryptocurrency-oriented venture supported by associates of Trump. This is consistent with Trump’s participation in the cryptocurrency market, highlighted by the introduction of the $TRUMP memecoin, which allegedly earned over $350 million soon after it was launched. Meanwhile, Binance encountered significant legal issues starting in 2023, facing substantial regulatory difficulties that culminated in a $4.3 billion settlement related to anti-money laundering infractions. The sanctions led CZ to resign, resulting in major changes within the exchange.