Wall Street Journal: The Trump family and Binance began negotiations on shares in the US branch last year

According to a report by CoinDesk, citing The Wall Street Journal on Thursday, a representative of the Trump family has negotiated to acquire a stake in Binance.US. The report cited people familiar with the matter as saying that the stake may have been acquired through World Liberty Financial, a crypto project supported by the Trump family.

Steve Witkoff, a friend of the US President, participated in the negotiation of the deal. Negotiations began last year when Binance contacted Trump's allies and proposed a deal with the family to return the cryptocurrency exchange to the United States. Binance.US did not respond to a request for comment at the time of publication.