According to a recent Wall Street Journal report, a representative from the Trump family engaged in discussions to purchase a stake in Binance’s U.S. division.
The acquisition might have been executed through the Trump-family-supported crypto initiative, World Liberty Financial, as reported by sources familiar with the situation.
The report also mentioned that Steve Witkoff, a friend of the U.S. president, participated in these negotiations.
The discussions commenced last year when Binance contacted Trump’s associates, proposing a potential agreement with the family to reintroduce the crypto exchange into the U.S. market.
At the time of publication, Binance U.S. had not responded to requests for comments.
