WuBlockchain Weekly: Rumors Circulate About Trump Family Investing in Binance US, UAE Royal Family Invests in Binance, Binance Imposes Rare Penalty on a Market Maker, etc
1. Trump Family in Talks to Acquire Stake in Binance US, CZ Seeks Pardon link According to the Wall Street Journal, representatives of President Trump’s family have held negotiations regarding an investment in the US subsidiary of cryptocurrency exchange Binance. CZ has been urging the Trump administration to pardon him. The negotiations began last year when Binance contacted Trump’s allies and proposed a business deal with the Trump family. It remains unclear how the Trump family’s shares would be held if the deal is reached, or whether it is contingent upon a pardon. Insiders said that potential scenarios include the Trump family taking a stake directly or making the deal through World Liberty Financial. Some insiders said that Steve Witkoff, an old friend of Trump and currently his chief negotiator in the Middle East and the Ukraine war, is involved in the deal negotiations. However, CZ tweeted, denying the Wall Street Journal’s report about his discussions with the Trump family reg...