People familiar with the matter: Binance contacted Trump allies last year to propose a business deal with the Trump family

Odaily reports that according to informed sources, last year Binance contacted allies of Trump, proposing a business deal with the Trump family as part of a plan to bring the exiled company back to the US, and the two sides then began negotiations. Representatives of the Trump family have negotiated the acquisition of a financial stake in Binance's US subsidiary, which would allow Trump to do business with the company, which admitted to violating anti-money laundering requirements in 2023. Meanwhile, informed sources reveal that Binance founder CZ has been urging the Trump administration to pardon him. He was previously sentenced to four months in prison after pleading guilty to a related charge. It is still unclear whether, if the deal is reached, the Trump family's stake will take what form, or whether it will be conditional on a pardon.