Binance Founder Denies Reports of Trump Family Investment Talks

Changpeng Zhao refutes claims of discussions regarding a U.S. Binance stake and a potential presidential pardon.

The Wall Street Journal reported that representatives of the Trump family were in discussions to acquire a stake in Binance’s U.S. arm, with alleged ties to a potential pardon for Binance founder Changpeng Zhao.
Zhao, who served four months in prison in 2023 for money laundering violations, denied the claims, stating he has had no discussions with anyone about such a deal.
Zhao suggested the report was an attack on cryptocurrency and the Trump administration, reiterating that the facts in the article were incorrect.
The Trump administration has shown significant support for cryptocurrency, including the creation of a national Strategic Bitcoin Reserve through executive order.
Binance recently secured a $2 billion investment from UAE-backed investor MGX, marking a notable institutional boost for the platform after regulatory challenges.