The Journal. Trump Family Has Explored Deal with Binance
28 snips
Mar 13, 2025 
Rebecca Ballhaus, an investigative reporter from WSJ, reveals exclusive insights into talks between the Trump family and Binance, the controversial crypto exchange. They discuss Binance's struggles with U.S. money laundering laws and the potential financial stake Trump’s family might take. The conversation raises eyebrows as Binance’s CEO seeks a presidential pardon. Additionally, the interplay of politics and cryptocurrency fundraising for the 2024 campaign comes under scrutiny, highlighting ethical dilemmas surrounding this high-stakes negotiation.
AI Snips
Chapters
Transcript
Episode notes
Binance's Playbook
- Binance considered investing in World Liberty Financial, a Trump-backed crypto company, after Justin Sun invested there.
- They saw this as a potential path to re-enter the US market and secure a pardon for CZ.
Trump Family's Potential Gain
- The Trump family might benefit financially if Binance re-enters the US market after a deal.
- A stake in Binance US could significantly increase in value upon the company's return.
Unusual Deal
- While the Trump Organization openly pursues deals, including foreign ones, this potential deal is unusual.
- It involves a recently convicted company whose founder seeks a pardon while negotiating.