Written by: J1N, Techub News

Last night Hong Kong time, The Wall Street Journal (WSJ) cited informed sources reporting that the Trump family has been in negotiations with Binance.US regarding equity investment. At the same time, sources revealed that Binance founder Changpeng Zhao has been seeking a pardon from the Trump administration. This news quickly sparked widespread discussion in the cryptocurrency community, causing the price of BNB to temporarily rise from 576 USDT to 613 USDT, an increase of about 21% from the day's low. However, hours later, Zhao tweeted to refute the claims, stating that WSJ distorted the facts and that he had never discussed any equity transactions regarding Binance.US with anyone.

WSJ and Bloomberg Reports: The Political and Business Game Behind Trump's Family's Secret Talks with Binance

According to WSJ reporting, representatives of U.S. President Trump's family have recently engaged in equity negotiations with Binance.US. This move is seen as an important step for Binance to attempt a return to the U.S. market. The negotiations stem from Binance's proactive outreach to Trump's allies last year, hoping to establish a business partnership with the Trump family to leverage its political and business influence to facilitate Binance's re-entry into the U.S. It remains unclear how the Trump family's investment would be structured if a deal is finalized, with possible scenarios including direct ownership of shares by the Trump family or indirect ownership through their cryptocurrency company, World Liberty Financial.

Meanwhile, sources revealed that Zhao is also actively seeking a pardon from the Trump administration. Previously, Zhao served four months in prison for violating U.S. anti-money laundering regulations. Although he has resigned as CEO of Binance, he remains the largest shareholder. Analysts point out that if Zhao receives a pardon, it would greatly facilitate Binance's business expansion in the U.S. and globally.

In addition to WSJ's revelations, Bloomberg also cited four informed sources reporting that Trump's crypto project WLFI had held secret meetings with Binance to discuss potential collaboration, including the development of a U.S. dollar stablecoin.

Binance has long been accused of failing to strictly comply with U.S. anti-money laundering regulations and even allegedly having financial dealings with organizations sanctioned by the U.S., which has nearly stalled Binance's operations in the U.S. To escape this predicament, Binance has been seeking to reshape its compliance image and repair its relationship with regulators. Just the day before, Binance announced a $2 billion investment from the UAE's national investment agency MGX, making MGX Binance's first institutional investor. This investment is the first institutional investment for Binance to date and the largest single investment received by a cryptocurrency company.

Zhao Denies Collaboration with Trump's Family, Trump Criticizes WSJ's Malicious Intent

In response to WSJ's revelations, Zhao quickly responded on X. He explicitly denied the report, stating that he had never discussed any transactions regarding Binance.US with anyone. In his response, he said, "Anyone who has been convicted would not refuse a pardon. But the fact is I have not engaged in any negotiations regarding a deal with the Trump family concerning Binance.US." He further stated that the report might stem from certain forces attempting to attack President Trump and the entire cryptocurrency industry, emphasizing his commitment to strengthening the cryptocurrency industry globally.

Similarly, Trump, as the subject of the report, quickly issued a strong response. He harshly criticized WSJ on Truth Social, claiming that the media's report was outdated and filled with hostility, viewing it as a malicious attack against the U.S. He also pointed to the media's European bias, stating that it is influenced by foreign forces attempting to undermine the U.S.

Coincidence or intentional? Why does Binance frequently face "precise strikes" from Western media?

It is worth noting that this is not the first time Western media has reported similarly on Binance. For a long time, authoritative media such as WSJ and Reuters have continuously focused on negative news about Binance, especially when Binance is involved in regulatory issues or significant business developments, they are always able to quickly follow up with related reports and spark widespread discussion.

For example, after Binance added support for the Trump family Memecoin TRUMP in late January, Reuters subsequently reported that "French investigators have launched a judicial investigation into Binance, involving multiple allegations including money laundering"; similarly, after Binance executives reiterated that Nigerian lawmakers had demanded a $150 million bribe to withdraw a lawsuit, Reuters subsequently reported that "Binance has been sued by authorities in Nigeria for illegal operations, demanding over $79 billion in economic damages and $2 billion in back taxes."

The timing of this report is also quite coincidental, coinciding with Binance's announcement of a significant $2 billion investment from the UAE's national sovereign fund MGX, after which several authoritative U.S. media outlets immediately reported on Binance's secret negotiations with the Trump family, raising suspicions about whether there is a targeted strategy or a more complex game of interests behind it.

As a long-term strategic partner of the U.S. and one of the world's largest oil producers, the UAE's support for the dollar as a settlement currency has greatly helped the U.S. maintain the dollar's status in international settlement currencies. However, in recent years, the UAE's deepening cooperation with China and Russia, as well as its exploration of using the yuan as a settlement currency for oil, have made the U.S. feel a sense of crisis.

The day after Bloomberg and The Wall Street Journal reported on Binance's announcement of the MGX investment, the news of the Trump family's intention to invest in Binance undoubtedly creates a certain degree of rift. Whether this "precise strike" is a political game between U.S. parties or if there is indeed something to it but both parties are unwilling to disclose more information due to the negotiations being in the early stages remains to be seen.

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