Donald Trump's Family Rumored to Be Interested in Taking a Stake in Binance's US Arm of Its Crypto Exchange

This news was reported by WSJ about Trump's family representative having previously discussed acquiring some shares in the Binance US arm after an official announcement on the Binance official X page

A new report by the Wall Street Journal (WSJ) claims that Donald Trump’s family members are interested in investing in the U.S. arm of Binance, the world’s largest cryptocurrency exchange.

The report also claims that Binance founder Changpeng Zhao (CZ) personally sought a presidential pardon from Trump for a 2023 plea bargain that led to a period of house arrest.

This news comes after Binance announced its first-ever institutional investment, with UAE-based AI and tech investment company, MGX_AI, making a $2B investment and taking a stake in Binance.

The move is the single largest investment into a crypto company ever, highlighting the growing interest in the digital asset space.

This news was reported by WSJ about Trump’s family representative having previously discussed acquiring some shares in the Binance US arm after an official announcement on the Binance official X page announcing its first-ever institutional investment deal by MGX_AI, a UAE-based AI and tech investment company that has invested $2B to acquire some shares in Binance.

Meanwhile, reports by WSJ regarding CZ pushing for Trump’s administration to grant him pardon over his four-month sentence due to violation of anti-money laundering violations have been rebuffed by CZ on his X account as fake.

"4. Sorry to disappoint. The WSJ article got the facts and timeline mixed up.

More than 20 people have told me they were asked by the WSJ (and another media), “Can you confirm that CZ made some deal for a pardon?” They probably asked 400 people to have 20 people reach out to me. In the last 6 months, I've met 1-2 times for dinner with members of the previous administration's family members. We discussed a variety of topics, including the role of Web3 and digital assets in the global financial system. As part of this conversation, I explained that I believed there were still residual forces from the previous administration who would be interested in hearing about the stifling impact of the administration's actions on the emerging blockchain and cryptocurrency industry. I also stated that I would be happy to contribute to the growth of this industry and technology from anywhere.

Finally, I believe this story is an attempt to attack both crypto and President Trump. It's clear that the residual forces of the previous administration are still at work and would be looking to take advantage of false rumors to suit their own agenda."

CZ further stated he is happy to contribute to the growth of crypto from anywhere. He stated that this could be an attack on crypto and President Donald Trump as the residual forces of the previous administration are still at work and would be looking to take advantage of false rumours to suit their own agenda.

While the news of Donald Trump’s family’s interest in Binance US is still a rumor to be believed, if things turn out to be true, this could have a huge positive influence on the crypto space, the price of Binance coin (BNB), the World Liberty Finance token (WLFI), which aims to contribute to the DeFi space, and Binance US, which has suffered from inactivities for some time now.

Binance Coin (BNB) Gains Following Abu-Dhabi-Based MGX Investment

The price of BNB has struggled with its fair share of market downtrends in recent times, dropping from its all-time high of $795 to a region of $500 following BTC’s recent market crash. The price of BNB continues to look bearish, trading below its 50-day and 200-day EMAs.

After news broke that Abu Dhabi-based AI and tech investment company, MGX, had raised $2B—the highest investment in a crypto firm ever—the price of BNB shot up, rallying by over 15% to its high of $620 from $500.

The price of BNB needs to break above its resistance of $630 to resume its uptrend momentum. The price is currently being dominated by bears, and a possible death cross-over of its 50-day and 200-day EMAs could mean more bearish price dominance

Overall, the market sentiment for BNB looks bullish as the price continues to hold its bullish structure above $500.