Trump increasingly likes the cryptocurrency market – and is even willing to distribute presidential perdons to acquire stakes in the industry giants.
Convicted of money laundering crimes, Binanceone of the largest cryptocurrency platforms in the world, is negotiating with the US president to give him a slice of the company in exchange for a forgiveness, advances after his former Changpeng Zhao if it declared guilty of financial crimes.
Zhao resigned from office and was sentenced to a four -month arrest sentence and pay a $ 50 million fine – but remains the company’s largest shareholder. Now, the US newspaper says it will use this power to give Trump-which has shown interest in turning the United States into “Capital of cryptors” – A participation in Binance to be forgiven.
Trump has pressured the United States Securities Commission (SEC) to relieve regulations against cryptocurrency companies and has already signed an executive order authorizing the creation of a Bitcoin Strategic Reserve, with assets seized by the US court.
Trump’s approach to binance arises in a context of cryptocurrency market reforms. Trump has already launched his own memecoin and created a Task Force in SEC to regulate the sector and recently withdrew the accusations against Coinbase, one of the biggest cryptocurrency exchanges, and postponed the lawsuit with Binance, opening doors to the possibility of Trump becoming the platform’s shareholder.
