Trump Family in Talks to Acquire Stake in Binance US
Representatives of President Donald Trump's family have engaged in discussions about acquiring a financial stake in Binance's U.S. arm. Binance's founder, Changpeng Zhao, has been seeking a pardon from the Trump administration following a $4.3 billion settlement in 2023 for violating U.S. anti-money laundering regulations. The specifics of the potential deal and its connection to a pardon remain uncertain.
President Trump Announces U.S. Crypto Strategic Reserve
President Donald Trump has announced the establishment of a U.S. cryptocurrency reserve, including assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Ripple (XRP). This move aims to position the U.S. as the "crypto capital of the world" and support industry growth. The announcement caused prices of these cryptocurrencies to surge, though they later declined. The Presidential Working Group on Digital Asset Markets is expected to provide recommendations by July 2025.
