Trump and Binance: Is the family negotiating about the crypto business?

The cryptocurrency world is in turmoil! According to a report by the Wall Street Journal, representatives of the Trump family show interest in financial participation in the US subsidiary of the KryptoBörse Binance. These conversations come at a time when Binance boss Changpeng Zhao, who was arrested for money laundering, is trying to pardon the Trump administration. The influence of Trump on crypto regulation could also increase because he publicly appeared as the first "crypto president" and even launched his own cyber coins, as reported on krone.at

The background of these conversations are particularly explosive. Talks with Trump confidants are intended to serve the goal of enabling Binance to return to the USA after the company had to deal with legal problems last year. Zhao had already known himself guilty in criminal proceedings last year and negotiated a deal against a high fine of $ 4 billion. It remains unclear whether Zhao's pardon would be a prerequisite for the cooperation. Experts also find that the announcement of the SEC to let the procedure against Binance rest due to illegal activities for the time being, indicates looser regulatory measures under Trump's possible presidency, as the financial analysis of Businessinsider.com emphasized.