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.

Representatives of President Donald Trump's family have held talks to take a financial stake in the U.S. arm of crypto exchange Binance, the Wall Street Journal reported on Thursday.

Donald Trump's family reportedly held talks to acquire a financial stake in the US arm of the beleaguered crypto exchange Binance.

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,

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.