In what is certainly a surprising development, the family of US President Donald Trump is reportedly in talks to purchase a stake in Binance US. Indeed, representatives from the family have engaged in discussions to purchase the United States-based arm of the cryptocurrency exchange, according to a Wall Street Journal report.

The move would align with the family’s interest regarding the growing cryptocurrency market. Late last year, Trump’s empire launched a DeFi project called World Liberty Financial (WLFI). Now, it may be looking to take control of one of the most prominent crypto exchanges in the world.

Also Read: Trump’s U.S. Crypto Reserve: Top Coins That Made (and Missed) the Cut

Trump Family is Reportedly Eyeing a Stake in Binance US

Since his reelection in late 2024, Donald Trump has become the first true pro-crypto president in history. Indeed, he has completely overhauled the country’s policy regarding the asset class, leading many to believe a new day for the industry is approaching.

That belief in the future of cryptocurrency is not only present in his administration but extends to his business interests. That is why it makes perfect sense for US President Trump’s family to be reportedly seeking to purchase a stake in Binance US. Indeed, the Wall Street Journal confirmed the interest and noted that talks have commenced.

Donald Trump oval office discussing tariff threats
Source: NY Times

Also Read: Abu Dhabi’s MGX Acquires $2B Stake in Binance

According to the report, the talks first started last year. Specifically, Binance had reached out to the Trump team, discussing a potential “business deal with the family as part of a plan to return the exiled company to the US.”

Details are sparse, with preliminary talks likely having taken place. Moreover, there is a lack of clarity regarding the specific stake that the Trump family would take in the exchange. Trump’s family could take a stake in the platform, or it could go through the aforementioned World Liberty Financial (WLFI)