The representatives of US President Donald Trump’s family reportedly held discussions with Binance about acquiring a stake in the cryptocurrency exchange.
Binance reached out to Trump's family representatives as part of its strategy to resume operations, while former CEO Changpeng Zhao seeks a Presidential pardon.
There were suggestions that Trump may acquire a stake in Binance or use his crypto venture, World Liberty Financial (WLFI), for a similar deal.
This partnership represents an opportunity for Binance to re-enter the US market after facing regulatory challenges.