Rumors of Trump family investing in Binance.US: Is it true or just a rumor?

On March 13, the Wall Street Journal revealed shocking news that the Trump family had negotiated to acquire stake in Binance.US. This news instantly caused a stir in the cryptocurrency circle and caused a lot of speculation. The price of BNB also fluctuated accordingly, rising from $580 to $613 in a short period of time, and the market responded strongly.

According to the Wall Street Journal, Trump representatives recently met with senior Binance.US officials. The cooperation model they discussed may be directly held by the Trump family or indirectly participating in the operation through World Liberty Financial. Trump is active in the political and commercial stage, and his family is very interested in the crypto field. The rumors do not seem to be unfounded.

Binance.US, as a Binance US branch, has been working hard to repair relations with regulators after Zhao Changpeng was punished. The introduction of the Trump family is regarded by the outside world as a bold attempt to enhance competitiveness and open up the US market, and may be able to use its political influence and business resources.

After the news broke, the crypto community responded in a mixed response. Supporters believe that this will drive the growth of platform transaction volume and strive for loose regulatory policies for the industry. But critics worry that the intervention of politicians will intensify the speculative atmosphere and put retail investors at greater risks.

On March 12, Binance announced that it had received a US$2 billion investment from MGX. MGX Board Chairman Tahnon is a big deal, and the support of his national sovereign fund has added room for imagination to Binance's development.

Faced with the rumors, Zhao Changpeng quickly denied it on X. He said the Wall Street Journal report was wrong and he never discussed the Binance.US deal with anyone. He believes the report is intended to attack the president and the crypto industry.

Zhao Changpeng has experienced ups and downs in the past year and was released from prison. Although he no longer serves as Binance CEO, as a major shareholder, his influence cannot be underestimated. He has been active on social media recently, helping the BNB Chain ecosystem.

Although rumors of Trump's family's investment in shares have been denied, it reveals the complex situation in the cryptocurrency industry. Trump publicly supports Bitcoin and fulfills his promises after taking office, such as establishing a national strategic reserve for Bitcoin.

Since 2023, Binance.US has been investigated by multiple departments in the United States for suspected money laundering, and eventually fined a high price and pleaded guilty. Its market operations in the United States are restricted, and the introduction of strong aid may improve the situation and may intensify conflicts with regulators.

After Zhao Changpeng refuted the rumor, he continued to post a message saying that the MGX investment news was released in a special way. The Wall Street Journal reported that there was a certain source of information. The rumor was rejected, either because the negotiations did not make substantial progress or were in a highly confidential state.

Bloomberg has also reported that Trump's crypto project WLFI has discussed cooperation with Binance, including developing stablecoins, but progress is not yet clear.

At the same time, He Yi mentioned on social platforms the possibility of Zhao Changpeng being pardoned. Previously, SBF and Zhao Changpeng were both rumored to have hoped to be pardoned by the Trump administration. SBF was sentenced to heavy sentence for fraud and was associated with the Democratic Party, and the probability of being pardoned is low. Zhao Changpeng's crimes are relatively light and Binance has a great influence. Trump's attitude towards cryptocurrencies is positive, and his probability of getting amnesty is relatively high. However, the final result is still uncertain.