Trump Investing in Binance?

Binance is the world’s most popular Bitcoin exchange. According to a study by the Lucerne University of Applied Sciences, Binance is also among the top three Bitcoin apps in Switzerland. Now, as reported by The Wall Street Journal (Paywall!), Trump is allegedly interested in investing in Binance.

Reports suggest that representatives of U.S. President Donald Trump’s family have been in talks with Binance about acquiring a stake in the crypto exchange, with discussions also ongoing regarding a potential involvement in Binance’s U.S. branch.

Binance.US: Why the Crypto Exchange Is Separate from Its Parent Company
Binance is one of the largest cryptocurrency exchanges globally, but its U.S. platform, Binance.US, operates independently from the international parent company. The reason lies in the strict financial regulations in the United States. While Binance functions globally without a fixed headquarters, a separate entity had to be established for the U.S. market to comply with regulatory requirements.

Launched in 2019, Binance.US collaborates with local partners to meet regulatory demands. Unlike the main platform, Binance.US offers a limited selection of cryptocurrencies and does not support certain features such as derivatives trading. Despite this separation, the connection between the two entities remains a contentious issue, particularly in regulatory proceedings.

Additional Sources:

• Cointelegraph: Trump family held talks with Binance for stake in crypto exchange — Report (Source: WSJ)
• Press Releases Meuser: The Biden Administration’s Operation Choke Point 2.0 Was Carried Out by The Prudential Regulators to Target and Debank the Digital Asset Ecosystem
• House Committee Hearing: Operation Choke Point 2.0: The Biden Administration’s Efforts to Put Crypto in the Crosshairs