On March 13, 2025, the cryptocurrency world was abuzz with reports that the Trump family is negotiating to buy shares in Binance US, the American arm of the world’s largest crypto exchange, Binance. This news has sent shockwaves through the industry, pushing the price of BNB – the native token of the Binance ecosystem – past $600. Here’s a detailed breakdown of this development and its potential impact on the crypto market.
The Trump Family’s Crypto ambitions
According to The Wall Street Journal (WSJ), the Trump family is in active discussions to acquire a financial stake in Binance US. If successful, this deal could mark a significant move for the family of former U.S. President Donald Trump to establish a foothold in the rapidly growing cryptocurrency sector. Once a vocal skeptic of digital currencies, Trump has recently shifted his stance, pledging during his campaign to support the crypto industry in the U.S., including plans for a national Bitcoin reserve.
The Trump family’s interest in Binance US could be a strategic play to leverage political influence and help the platform navigate its regulatory challenges in the American market. This move aligns with Trump’s pro-crypto promises and could reshape the landscape for Binance US.
CZ denies rumors amid speculation
Shortly after the news broke, Binance founder Changpeng Zhao (CZ) took to X to dismiss the claims. “There are no negotiations regarding the sale of Binance US shares to the Trump family, nor any talks of a pardon deal,” CZ stated. His denial has sparked debates within the crypto community, with some speculating that this could be a tactic to downplay a sensitive business move.
Rumors had previously circulated that CZ, who served a four-month prison sentence in 2024 for anti-money laundering violations, was seeking a pardon from the Trump administration. Although he has completed his sentence and is barred from managing Binance for three years, CZ remains a major shareholder. His swift rebuttal may be an attempt to quash speculation about Binance’s future plans.
BNB price surge and market implications
The initial report triggered a significant market reaction, with BNB’s price surging over 6% to exceed $600. This spike reflects investor optimism about Binance US gaining powerful backing from the Trump family. However, CZ’s denial led to a slight correction, highlighting the market’s sensitivity to these developments.
Analysts suggest that a successful deal could bolster Binance US’s position in the U.S., where it has faced regulatory scrutiny from the SEC and the Department of Justice. The Trump family’s involvement could provide not only financial support but also political leverage, positioning Binance US as a stronger competitor to platforms like Coinbase.
Binance US’s strategy in the U.S. market
Binance US has faced significant legal challenges in the U.S., including accusations of securities violations and money laundering from regulators like the SEC. These hurdles have hindered its growth in one of the world’s largest crypto markets. After the dramatic collapse of FTX in 2022, Binance shifted its focus to global expansion, strategically acquiring licensed exchanges to strengthen its foothold. Platforms such as Sakura Exchange BitCoin in Japan, Tokocrypto in Indonesia, and Gopax in South Korea are now part of its growing network, showcasing its ambition to dominate regulated markets worldwide.
A potential partnership with the Trump family could mark a turning point for Binance US. By leveraging this high-profile alliance, the platform aims to overcome regulatory obstacles and solidify its presence in the lucrative U.S. market. This move would not only provide financial backing but also political influence, helping Binance US compete with rivals like Coinbase. As the crypto landscape evolves, this strategic step could redefine Binance’s trajectory in America.
As of March 13, 2025, the rumor that the Trump family is negotiating to buy shares in Binance US continues to captivate the crypto world. Despite CZ’s denial, the potential involvement of the Trump family could reshape Binance US’s future in the U.S. market, driving BNB prices and sparking debates about centralization. Whether this turns out to be a groundbreaking deal or just speculation, it’s a story worth watching. For the latest updates and expert insights on this development, follow MEVX Trader to stay ahead in the fast-moving crypto landscape!
