The Trump family is circling Binance like sharks smelling blood in the water. Since Trump’s inauguration in January 2025, representatives have been in talks with the cryptocurrency giant about acquiring a stake in its US operations. Not subtle timing, folks.
These discussions kicked off when Binance reached out to Trump allies in 2024. The crypto exchange isn’t exactly approaching from a position of strength. In 2023, they pleaded guilty to anti-money laundering violations and coughed up a $4.3 billion settlement. Their US market share? Plummeted from 27% to a pathetic 1%. Ouch.
Meanwhile, Binance founder Changpeng Zhao (known as “CZ”) served four months in prison. Now he’s eyeing something valuable: a presidential pardon. Connect the dots.
The potential deal might involve World Liberty Financial, a Trump-backed crypto venture launched in September 2024. Donald Trump has consistently maintained pro-crypto policies throughout his campaign and presidency. This outfit, co-founded by the sons of Trump ally Steve Witkoff, has already raised $385 million through token sales. Money talks.
Trump’s crypto play with World Liberty Financial isn’t just raising millions—it’s raising eyebrows. Power meets profit.
Trump’s sons Eric and Don Jr. are neck-deep in this crypto play. Their family’s DT Marks DEFI LLC collects funds from the venture. Family business, government power—what could possibly go wrong?
The SEC previously called Binance.US “a cauldron of fraud.” Strong words. But apparently that’s not scaring off the Trumps.
Recently, Abu Dhabi-based MGX pumped $2 billion into Binance. According to insider reports, the stake could take the form of either direct investment or through World Liberty Financial. If the Trump deal goes through, the presidential family could become business partners with UAE royalty. Cozy.
The whole arrangement reeks of conflict of interest. A presidential family acquiring stakes in a company whose founder wants a pardon? Ethics experts are having coronaries.
For Binance, this is a lifeline back into the US market. For the Trumps, it’s another business venture conveniently aligned with presidential power. For American governance? It’s uncharted territory. Not that anyone seems particularly concerned about that small detail.
