The discussions for a stake in Binance’s U.S. arm come as founder Changpeng Zhao has pushed for the administration to pardon him for his own 2023 guilty plea.

Binance’s BNB token climbed after a Wall Street Journal reported that the Trump family is in talks to secure a financial stake in Binance’s U.S. arm. Such an arrangement would link them to a firm that pleaded guilty to violating anti-money laundering laws in 2023.

Binance founder Changpeng Zhao is also pushing for a White House pardon, the Journal reported.

Trump family representative reportedly held talks with Binance to take a financial stake in its U.S. arm after CZ sought pardon for his money laundering charges. The Binance founder denied the report,

Binance's billionaire founder Changpeng Zhao has been pushing for the Trump administration to grant him a pardon, the report added citing people familiar with the matter. In November 2023, Zhao stepped down as CEO of Binance and pleaded guilty to breaking U.

The Trump family has allegedly been discussing a possible investment in the crypto exchange Binance—a deal that, especially in light of Binance’s multi-billion-dollar valuation, would raise a host of conflict-of-interest questions.

Representatives of President Trump’s family have held talks to take a financial stake in the US arm of crypto exchange Binance, the Wall Street Journal reported Thursday. Binance’s billionaire founder Changpeng Zhao has been pushing for the Trump administration to grant him a pardon,