#TrumpVsPowell Binance is reportedly seeking to improve its relationship with the US government, particularly with the Trump family, as it navigates regulatory challenges. Here are some key updates ¹ ² ³:
- *Binance's US Expansion Plans*: Binance is exploring a potential business deal with World Liberty Financial (WLFI), a crypto project linked to the Trump family. This deal could help Binance sidestep some US regulatory oversight.
- *Regulatory Relief*: Binance met with US Treasury officials to discuss removing a federal monitorship that has overseen the exchange's compliance with anti-money-laundering laws since 2023.
- *Trump Family Connection*: The Trump family, including Donald Trump, has a significant stake in WLFI, which could benefit from a partnership with Binance. This partnership might generate substantial financial gains for the Trump family.
- *Listing of WLFI's Stablecoin*: Binance is in talks to list WLFI's stablecoin, which could diversify Binance's offerings and attract new users.
- *Presidential Pardon for CZ*: Binance founder Changpeng Zhao is reportedly seeking a presidential pardon for violating US anti-money laundering and sanctions regulations.
These developments highlight Binance's efforts to rebuild trust with US regulators and expand its presence in the US market.