Binance preps US comeback, courts Trump for help
Binance, the world’s largest cryptocurrency exchange, is plotting a return to the U.S. based on newfound ties with the Trump family.
According to the Wall Street Journal, executives from Binance met with U.S. Treasury officials last month to request the removal or reduction of a federal monitorship that has overseen the exchange’s compliance with anti-money-laundering laws since it pled guilty in 2023 and paid a record $4.3 billion fine.
At the same time, Binance has been exploring a business deal with World Liberty Financial (WLFI), a DeFi venture that claims to be “inspired” by President Donald Trump and has plans to launch a dollar-pegged stablecoin called USD1. Listing the token on Binance could generate billions for the Trumps, who are currently losing millions on the WLFI venture.
Trump and his family control more than 60% of the WLFI project.