World Liberty Financial Inc., a Trump family crypto venture, has reportedly discussed business with Binance, whose founder, Changpeng Zhao, pleaded guilty to anti-money laundering failures. Talks included potentially developing a stablecoin with World Liberty, which Trump and his sons began promoting in September. The Trumps receive 75% of its net revenue.

Binance’s U.S. arm was also discussed, though Zhao denied any deals with World Liberty. He was released from a halfway house in September after serving four months and paid a $4.3 billion fine. The Wall Street Journal reports Zhao is seeking a pardon from the Trump administration.

Trump’s administration has paused SEC crypto enforcement and proposed regulatory support for stablecoins. Binance CEO Richard Teng sees a “fresh reset” under Trump. The company remains under scrutiny for past money-laundering violations benefiting terrorist groups and sanctioned nations.

Trump, who once called Bitcoin a scam, now embraces crypto, pledging to make the U.S. a global leader. World Liberty has sold $300 million in tokens, despite restrictions on resales and profit claims. The Trump Organization's ethics plan allows foreign business deals, with Trump's assets placed in a trust managed by his children.