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A Trump family representative held talks to buy a stake in Binance’s U.S. arm, according to a Wall Street Journal report on Thursday.
The stake could have been acquired through Trump-family backed crypto project World Liberty Financial, the report said, citing people familiar with the matter.
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Steve Witkoff, a friend of the U.S. president, was involved in the deal talks, the report added.
The talks started last year after Binance reached out to Trump’s allies offering to reach a deal with the family so as to bring the crypto exchange back to the U.S.
Binance U.S. this not respond to a request for comment at the time of publication.
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