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Nuno Patricio
In November 2023, Binance Holdings Ltd. admitted guilt to breaching US anti-money laundering regulations, along with its founder Changpeng Zhao, who resigned.
As per sources from WSJ, Changpeng Zhao, who completed a four-month prison term related to the case, has been seeking a pardon from the Trump administration. He continues to be the biggest shareholder of Binance.
Discussions started when Binance reached out to Trump's associates in 2024, proposing a business arrangement with his family as part of a strategy to reintroduce the company, which had earlier lost its license to operate in the nation, back to the US, according to the WSJ.
It remains uncertain, however, what shape the agreement could assume and if it would rely on a pardon. The newspaper mentions various potential options, including the Trump family's acquisition of a share in the company or the deal via the Trump-supported cryptocurrency venture World Liberty Financial, which was launched in September.
As per various sources, Steve Witkoff, a longtime associate of Trump now overseeing negotiations for the Middle East and Ukraine, participated in talks regarding the deal with Binance.
source: wsj.com
As per sources from WSJ, Changpeng Zhao, who completed a four-month prison term related to the case, has been seeking a pardon from the Trump administration. He continues to be the biggest shareholder of Binance.
Discussions started when Binance reached out to Trump's associates in 2024, proposing a business arrangement with his family as part of a strategy to reintroduce the company, which had earlier lost its license to operate in the nation, back to the US, according to the WSJ.
It remains uncertain, however, what shape the agreement could assume and if it would rely on a pardon. The newspaper mentions various potential options, including the Trump family's acquisition of a share in the company or the deal via the Trump-supported cryptocurrency venture World Liberty Financial, which was launched in September.
As per various sources, Steve Witkoff, a longtime associate of Trump now overseeing negotiations for the Middle East and Ukraine, participated in talks regarding the deal with Binance.
source: wsj.com
