The Trump administration has promoted a pro-crypto stance, benefiting Binance: in May, the SEC dropped civil lawsuits against the exchange and its founder Changpeng Zhao, while the new regulatory leadership at the SEC has halted multiple crypto cases.

In turn, the Emirati fund MGX made a US$2 billion investment in Binance using the USD1 stablecoin, directly linked to Trump's crypto empire through World Liberty Financial, which generated pressure from senators due to potential conflict of interest.

Additionally, Binance announced that it is exploring collaborations with Eric Trump and that Trump Media received approval for a BTC plan.