Binance token rises following report that Trump family has discussed stake in the crypto exchange

The Binance logo is seen displayed on a smartphone screen. Binance's BNB token bucked the wider crypto downturn on Thursday, jumping 4% following a Wall Street Journal report that the Trump family has held talks to secure a financial interest in the U.S. arm of the world's largest cryptocurrency exchange. Such a deal would notably link the Trumps to a firm that pleaded guilty to breaking anti-money laundering laws in 2023. According to the Journal, Binance first approached Trump allies last year, pitching a deal that could help the embattled exchange regain its footing in the U.S. At the same time, its founder, Changpeng Zhao — better known as CZ — has been angling for a presidential pardon after serving four months in prison for violating anti-money laundering laws. However, in a post on X, Zhao denied any discussions about a deal for Binance.US or seeking a pardon. "Sorry to disappoint. The WSJ article got the facts wrong," he wrote. "I have had no discussions of a Binance US de ... Read full article.