In the grand tapestry of human affairs, a curious report has emerged, suggesting that the illustrious Trump Family, those purveyors of both fortune and folly, has engaged in discussions to acquire a stake in the American arm of the crypto exchange known as Binance. This endeavor, if true, could herald the company’s return to the shores of the United States, much like a wayward ship seeking harbor after a tempestuous voyage.
Trump Family In ‘Deal Talks’ For Binance US Stake?
On a Thursday that bore the weight of history, The Wall Street Journal, that venerable chronicler of our times, unveiled the notion that representatives of the Trump lineage have been in negotiations since the year of our Lord 2024. These discussions, it is said, are part of a grander scheme by Binance to reestablish its presence in the land of the free and the home of the brave.
It appears that Binance, in a moment of audacity, reached out to the Trump camp, proposing a business arrangement that could rival the most ambitious of fables. The company, it seems, began to contemplate a return to the U.S. market around the time of Trump’s electoral triumph, as if the stars themselves had aligned for such a union. They expressed a willingness to engage in a deal that would alleviate their legal burdens, a notion that dances on the edge of irony.
Yet, the specifics of how the Trump family’s stake would materialize remain shrouded in mystery. Sources from the WSJ hinted at the possibility of this venture being funneled through the Trump family’s own crypto enterprise, World Liberty Financial (WLF), as if they were weaving a new narrative in the annals of commerce.
Moreover, one Steve Witkoff, a figure of some repute as the United States Special Envoy to the Middle East, was reportedly entangled in these discussions. A co-founder of WLF, he was denied involvement by a Trump administration official, who claimed he was in the process of divesting from his business interests. Ah, the tangled webs we weave!
The report further claims that after Trump’s victory, Binance established a working group under the stewardship of CEO Richard Teng, comprising senior legal and compliance staff, to navigate the treacherous waters ahead. The executives, it seems, were acutely aware that Changpeng Zhao, affectionately known as “CZ,” bore the burden of a conviction that could complicate any return to the U.S. market. After all, who would want to partner with a felon, even if he is a majority shareholder?
In a twist worthy of a Shakespearean play, the executives saw a potential legal strategy in the saga of Justin Sun, who recently had the Securities and Exchange Commission (SEC) pause its lawsuit against him. This path, fraught with peril, involved a cash infusion into World Liberty Financial in exchange for a pardon for Zhao. A tale as old as time, is it not?
CZ Denies Claims Of “Pushing” For A Pardon
As the plot thickened, the report alleged that CZ had been “pushing” for a pardon from the Trump administration amidst these negotiations, which allegedly persisted even after the President’s inauguration. This revelation ignited a firestorm of indignation among crypto investors, who viewed the potential financial arrangement for a pardon as the proverbial cherry atop the sundae of recent TRUMP and MELANIA memecoin controversies. 🍒
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According to the Binance founder, he had not broached the subject of a Binance US deal with anyone, yet he mused, “No felon would mind a pardon, especially being the only one in US history who was ever sentenced to prison for a single BSA charge.” A statement that drips with the irony of fate!
He lamented that the media had endeavored to concoct a narrative, suggesting that the article felt like an assault on both the President and the crypto realm, as if the lingering shadows of the previous administration’s “war on crypto” still haunted the corridors of power.
Meanwhile, Bloomberg, that bastion of financial wisdom, reported that WLF had indeed discussed the prospect of engaging in business with Binance Holdings Ltd., the world’s largest digital-asset exchange. The article, however, left the stage of clarity shrouded in ambiguity, hinting at the possibility of the crypto exchange developing a US-backed stablecoin in collaboration with the Trump Family’s crypto venture. A venture that could either be a beacon of hope or a harbinger of chaos!
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2025-03-14 13:43