Several options for the transaction are considered, including the possibility that Trump’s participation will be issued through the World Liberty Financial, a crypto project of the president’s sons, the sources of the publication said.
At the end of 2023, Binance pleaded guilty of charges of violating the US legislation to combat money laundering and agreed to pay the state a fine of $ 4.3 billion. The founder of the exchange Changpeng Zhao) spent four months in prison and was forced to leave the post of general director of the company.
Now Zhao is asking Trump pardon, writes WSJ. This will simplify the work of Binance in the USA and the European Union, where businessmen convicted of financial crimes are not entitled to receive a license for their company (ZHAO remains the holder of the Binance control package).
Binance began to look for ways to return to the United States shortly after Trump’s victory in the US president. For this, the exchange created a working group under the leadership of its head Richard Teng, the magazine said,
The BINANCE team discussed the scheme similar to the case of Justin Sana (Justin Sun) – In November 2024, he invested $ 30 million in the World Liberty Financial, while the US Securities and Exchange Commission (Sec) conducted a trial against him. Shortly after the deal with Trump, SEC stopped the trial, drew attention WSJ.
Recently, Binance has blocked the Goplus Security Market Makers (GPS) and MyShell (Shell) for violations of trading rules and confiscated their income to compensate for damage to injured users.
Source: Bits

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