Donald Trump’s crypto ties may deepen if reported talks with Binance lead to a relationship with the exchange. The WSJ and Bloomberg reported discussions, including a possible Trump family stake in Binance US and a stablecoin linked to Trump-backed World Liberty Financial. Trump has already signed pro-crypto executive orders and supports legislation favoring the industry.

Former Binance CEO Changpeng Zhao, who pleaded guilty to violating US anti-money-laundering laws, denied seeking a pardon or business deals with Trump allies. Trump’s crypto involvement extends to launching meme coins (TRUMP, MELANIA) and backing World Liberty, where he is listed as "chief crypto advocate."

Trump Media aims to launch a Bitcoin ETF and invest $250M in crypto. He has also ordered a Bitcoin reserve and banned a US central bank digital currency. Meanwhile, the Senate Banking Committee advanced stablecoin regulations.

Binance, which previously clashed with the US government, saw the SEC pause its lawsuit against the company. It also secured a $2B investment from Abu Dhabi’s MGX, paid in stablecoin.